Award Reinforces Gong’s Market Leadership and Differentiation as the Most Valuable Platform for Revenue Teams
Gong, the Reality Platform™ leveraging artificial intelligence to transform go-to-market teams, has been named to the Forbes 2022 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world. This is the third straight year Gong has been named to the list, which is published annually by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.
“Gong’s momentum, as evident in our triple-digit YoY ARR growth in Q2 of this year, reflects the value our Reality Platform delivers to help sales teams achieve optimal performance and close more deals, which is critical in today’s economic climate,” said Gong CEO Amit Bendov. “As we’ve expanded our platform’s capabilities, more companies are standardizing on Gong for all of their revenue strategy, execution, and operations, and we’re accelerating our progress. We’re excited to be named on the 2022 Forbes Cloud 100 as it demonstrates Gong’s commitment to creating raving fans and recognizes our incredible people and culture.”
Read More:Â Q5id Adds Talented Executives To Its Enterprise Sales Team
For the seventh 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 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 private companies in this fast-growing 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 2022 Cloud 100 honorees.”
Read More:Â SalesTechStar Interview With Srikrishnan Ganesan, Co-founder and CEO of Rocketlane
“The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Despite the market correction in 2022, our confidence in the cloud economy continues to grow—today over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this year’s honorees truly represent the best cloud companies globally.”
“Great companies are born out of all environments, and it’s exciting to see the continued momentum in the cloud sector,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “The companies on this list have gone through a rigorous selection process, and join an esteemed alumni list of Cloud 100 companies. As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing.”
