Ranking in the top 25% of the world's best
private cloud companies
ATLANTA, Aug. 13,
2024 /PRNewswire/ -- OneTrust, the market-defining
platform helping organizations use data and AI responsibly, has
been named to the 2024 Forbes Cloud 100, the definitive ranking of
the top 100 private cloud companies in the world, published by
Forbes in partnership with Bessemer Venture Partners
and Salesforce Ventures. For the third year, the company sits
in the top 25 percent of companies at spot 21.
"This year's list is the strongest group of
standouts yet"
"The way companies think about data has fundamentally changed.
The regulatory environment around data and consumer behavior shifts
have made maximizing the collection and use of data no longer good
enough. Now, it's all about responsibly collecting and using data,"
said Kabir Barday, OneTrust's
Founder and CEO.
OneTrust recently announced it is expected to surpass
$500 million in ARR later this year
while maintaining positive free cash flow. This success is driven
by its growing customer base of more than 14,000 customers around
the world, including 75 percent of the Fortune 100, who have turned
to OneTrust to help them use data and AI responsibly. In addition
to placing on the prestigious Forbes Cloud 100, the company
continues to be recognized for its breakthrough software solutions
and dedication to innovation and impact.
"For nine years, the Forbes Cloud 100 list has recognized the
leading private cloud companies in the world, from AI to work
software, infrastructure to security," said Alex Konrad, the Forbes editor of the Cloud 100.
"This year's list is the strongest group of standouts yet, with
revenue, valuations, and growth that will eventually make for
historic IPOs."
Barday continued, "OneTrust has led the way in enabling
organizations around the globe to activate their use of data and AI
by offering solutions to transparently collect first-party data and
automate risk and compliance operations across privacy, security,
AI governance, third parties, and IT risk. It's an honor to be
included in the top quartile of the list, again, which is a
testament to our continued momentum and vision for trusted,
data-centric innovation."
"Across nine years of data, we have yet to see as competitive of
a cohort as the 2024 Cloud 100. The list value reached $820 billion this year, the highest list value in
Cloud 100 history," said Mary D'Onofrio, partner at Bessemer
Venture Partners. "Unsurprisingly, AI is now the highest valued
category. We continue to be excited by how AI companies are scaling
rapidly, transforming the cloud, and propelling the next wave of
growth, driving a massive year-over-year jump in market cap of the
list of over $150 billion."
For the ninth consecutive 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 past year, our industry has seen a generational step
forward in innovation, and with AI leading the charge, we are
witnessing one of the most important platform shifts in decades,"
said Paul Drews, managing partner at
Salesforce Ventures. "The Cloud 100 list represents the best of the
best, and we've never been more excited about what the future
holds, not only for the cloud but for the entire technology
industry. We are proud of what these founders and their communities
have already accomplished, and look forward to seeing how they
continue to transform the industry in the future."
The Forbes 2024 Cloud 100 and 20 Rising Stars lists are
published online at www.forbes.com/cloud100.
About OneTrust
OneTrust unlocks the full
potential of data and AI, responsibly. Our platform enforces the
secure handling of company data, empowering organizations to drive
innovation responsibly while mitigating risks. With a comprehensive
suite of solutions spanning data and AI security, privacy,
governance, risk, ethics, and compliance, OneTrust enables
seamless collaboration between data teams and risk teams to enable
rapid and trusted innovation. Recognized as the market leader in
trust, OneTrust boasts over 300 patents and serves more than 14,000
customers globally, ranging from industry giants to small
businesses. For more information, visit www.onetrust.com.
© 2024 OneTrust LLC. All rights reserved. OneTrust and the
OneTrust logo are trademarks or registered trademarks of OneTrust
LLC in the United States and other
jurisdictions. All other brand and product names are trademarks or
registered trademarks of their respective holders.
Media Contact
Ainslee
Shea
media@onetrust.com
+1 (404) 855-0803
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SOURCE OneTrust