PALO ALTO, Calif., Aug. 10, 2021 /PRNewswire/ -- Gong, the revenue intelligence platform leveraging artificial intelligence to transform revenue teams, today announced it has been named to the Forbes 2021 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world. This is the second consecutive year Gong has been named to the list which is published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
"Making the 2021 Forbes Cloud 100 list is the latest example of Gong's strong momentum," said Amit Bendov, CEO of Gong. "A growing number of analysts, investors, media and – most importantly, business leaders – are witnessing Gong's ability to improve performance. Gong's Revenue Intelligence Platform empowers revenue teams worldwide to make decisions based on reality instead of opinions, and that is proving to be a very popular concept."
In addition to today's news, Gong over the previous six months has announced:
- $250M in Series E funding with a company valuation of $7.25 billion.
- The opening of dedicated operations in Europe to meet growing demand, part of a planned worldwide expansion.
- Ranking number one on the G2 "Top 100 Best Software Products" based on worldwide user reviews.
For the sixth straight year, 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 & 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. "Private cloud valuations are getting bigger as the market's appetite for cloud continues to grow. 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 lists are published online at www.forbes.com/cloud100, highlighted in the September 2021 issue of Forbes magazine, and will be recognized at this year's virtual Cloud 100 experience, hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes on August 10th at thecloud100.com.
Gong enables revenue teams to realize their fullest potential by unveiling their customer reality. The patented Gong Revenue Intelligence Platform™ captures and understands every customer interaction, then delivers insights at scale, empowering revenue teams to make decisions based on data instead of opinions. Over 2,000 innovative companies like Paychex, PayPal, Hubspot, LinkedIn, MuleSoft, Shopify, Slack, SproutSocial, Twilio, and Zillow trust Gong to power their customer reality. With Gong, customers experience improved win rates, increased deal sizes, and accelerated employee ramp-times. Gong is a private company headquartered in the San Francisco Bay Area. For more information visit https://www.gong.io or follow us on Linkedin.
Bessemer Venture Partners
Bessemer Venture Partners is the world's most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has 130 IPOs, including Pinterest, Shopify, Twilio, Yelp, LinkedIn, Skype, LifeLock, PagerDuty, DocuSign, Wix, MindBody, and Fiverr. Bessemer's team of investors and partners are positioned all over the world in Silicon Valley, San Francisco, New York, Boston, Tel Aviv, Bangalore, and Beijing. Follow @BessemerVP and learn more at bvp.com.
The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.
Salesforce Ventures is the global investment arm of Salesforce and is focused on partnering with the most ambitious enterprise technology companies at every stage in their journey. Since 2009, Salesforce Ventures has invested over $3 billion in over 400 leading companies including Auth0, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, Twilio, and Zoom. Salesforce Ventures provides portfolio companies with unparalleled access to Salesforce, one of the fastest-growing enterprise software companies in the world, including strategic advisory, customer introductions, and the strongest cloud ecosystem. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at salesforce.com/ventures.