We’re excited to announce that Workato is making its debut in this year’s Forbes Cloud 100, the definitive ranking of the top 100 private cloud companies in the world.
So what does this ranking mean for Workato and the enterprise automation space as a whole?
It indicates that the demand for low-code automation is increasing, and that organizations want a single platform to implement integrations and automations. This is further evidenced by the fact that many of the other organizations in the Cloud 100 are our partners and clients.
Before we dive into the initiatives that led us to this year’s Cloud 100, let’s take a closer look at the ranking.
What’s the Cloud 100?
The Cloud 100—which is published by Forbes, in partnership with Bessemer Venture Partners and Salesforce Ventures—is the definitive ranking of the top 100 private cloud companies in the world.
Every year, the Cloud 100 evaluates cloud startups and other private cloud companies based on 4 factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). It considers quantitative data like valuation, revenue, and growth rate, alongside qualitative data like market leadership insights from CEOs at similar companies.
The Cloud 100 only includes private businesses. When a company goes public, like #1 ranked Snowflake did in 2020, it graduates from the list to make room for the next year’s newcomers.
By the way, Snowflake is a Workato partner! You can learn more about our partnership here.
Who’s in the 2021 Cloud 100?
The 2021 Cloud 100 lists Workato alongside other pivotal players across industries. And even though we’re the only platform on the list that allows you to implement integrations and automations, we aren’t the only company in the Cloud 100 using low-code automations.
Other companies on the list, like Databricks, an AI-focused data platform, and Toast, a restaurant POS and management system, also use our platform to automate key processes in an effort to scale their operations effectively. In addition, you can find our valued partners, like the app development software OutSystems and the execution management software Celonis, in the Cloud 100.
Why is Workato in this year’s Cloud 100?
Our debut in this year’s Cloud 100 reflects the strides we’ve made across their criteria (market leadership, estimated valuation, operating metrics, and people & culture).
Here’s a brief look at some of those strides:
- We closed a $110 million round of funding at a $1.7 billion valuation.
- We hosted the #1 conference on automation, “Automate”, where sessions were hosted by visionaries and practitioners from leading companies who covered a host of topics on integration and automation.
- We’ve built a data center in Frankfurt, Germany that allows our clients in and around Europe to store and process their data within the EU. This all but ensures that they’re able to use our platform to full effect while keeping compliant with EU-specific privacy and regulatory measures.
- We’ve implemented automations that’ve allowed our employees around the world to return to the office safely, quickly, and easily (and we’ve made these very automations available to others via our Back-to-Office Accelerator).
We’re honored to debut in this list, as it reflects our growing influence in the integration and automation space. But we’re even more excited about the increasing role we’ll play in empowering companies to transform their core processes.
Want to see this year’s Cloud 100? You can access it here.
