#Bessemer venture partners software#

But first-what’s going on in the private cloud market?Īfter a 13-year bull market in which there was an abundance of capital in the venture ecosystem, private valuation multiples skyrocketed in 20. In this year’s Centaur Report, we not only celebrate the 2022 Cloud 100 companies that have reached $100 million in ARR and beyond, but also showcase the diverse strategies it took to get there. So, what does it take to build cloud businesses that have durable growth at scale, despite stormy market conditions? And how exactly are today’s top performing cloud companies reaching the coveted milestone of Centaur status ($100 million+ annual recurring revenue)? In our view, the Centaur milestone is much more meaningful than just a simple valuation metric that doesn’t necessarily tell you anything about the health of the business.

In our research at Bessemer, we’ve identified approximately 160 private cloud Centaurs in the world, making these companies about seven times more rare than unicorns.Īs we celebrate the 2022 Cloud 100 season, we not only recognize the definitive list of the world’s top private cloud companies, but also bear witness to what’s needed most in today’s entrepreneurial ecosystem: resilience. That’s why we introduced the Centaur, a new milestone for cloud businesses that reach $100 million or more in annual recurring revenue. At Bessemer, we think that growing annual recurring revenue showcases durable growth at scale and is the best performance indicator of public company success.

#Bessemer venture partners software#

But any student of software innovation ought to note that cloud businesses today are still displaying strong fundamentals, despite public valuation multiples having contracted. The recent market pullback has been enough to give any founder or investor some level of pause.