Retains Top 5 Ranking for Third Consecutive Year
SAN FRANCISCO, Aug. 10, 2021 (GLOBE NEWSWIRE) — HashiCorp®, a leader in multi-cloud infrastructure automation software, has been named #4 on the 2021 Forbes Cloud 100, retaining its top five ranking for a third consecutive year. The Forbes Cloud 100 ranks the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
“We are honored to be recognized by Forbes, Bessemer Venture Partners, and Salesforce Ventures as one of the top private cloud companies for the fourth year in a row,” said Dave McJannet, CEO of HashiCorp. “We believe that for our customers, infrastructure enables innovation, and being acknowledged alongside our peers and respected leaders in this space encourages us on our mission to help enterprises solve the hardest problems in cloud computing as they shift their infrastructure to the cloud.”
HashiCorp’s suite of open source and commercial products enables enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure environment. HashiCorp’s eight open source products were downloaded approximately 100 million times last fiscal year alone, and the products served nearly 300 of the Forbes Global 2000 companies to deploy and operate cloud infrastructure across multiple public clouds and on-premises environments.
The Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people and culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of 34 public cloud company CEOs who assist in evaluating and ranking their private company peers.
“The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2021 Cloud 100 honorees and to our 20 Rising Stars up-and-comers poised to join their ranks.”
“The private cloud ecosystem continues to see historic rates of digital transformation,” said Byron Deeter, partner at Bessemer Venture Partners. “These founders represent the absolute best in cloud computing today, and they appear likely to follow in the footsteps of our esteemed Cloud 100 alumni. Congratulations to these cloud leaders!”
“How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution,” said Alex Kayyal, managing partner, Salesforce Ventures. “The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy. The companies on this list represent the leaders and businesses shaping the future of the cloud ecosystem and we are excited to partner with Bessemer Venture Partners and Forbes to honor these trailblazers of the industry.”
The Forbes 2021 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the September 2021 issue of Forbes magazine.
HashiCorp is a leader in multi-cloud infrastructure automation software. The HashiCorp software suite enables organizations to adopt consistent workflows and a standardized approach to automating the critical process involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. HashiCorp’s open source tools Vagrant™, Packer™, Terraform®, Vault™, Consul®, Nomad™, Boundary, and Waypoint™ were downloaded approximately 100 million times during the fiscal year ended January 31, 2021. Enterprise and managed service versions of these products enhance the open source tools with features that promote collaboration, operations, governance, and multi-datacenter functionality. The company is headquartered in San Francisco, though 90 percent of HashiCorp employees work remotely, strategically distributed around the globe. HashiCorp is backed by Bessemer Venture Partners, Franklin Templeton, Geodesic Capital, GGV Capital, IVP, Mayfield, Redpoint Ventures, T. Rowe Price funds and accounts, and True Ventures.
For more information, visit hashicorp.com or follow HashiCorp on Twitter @HashiCorp.
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