Visual development leaders rank #50 on esteemed list after crossing $4B valuation and achieving over $100M in annual recurring revenue
SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- Webflow, the leading visual development platform for building powerful no-code websites, today has been named to the Forbes 2022 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. Webflow was recognized as the #50 company on the list, up from #69 in 2021 and #95 in 2020.
"Being on the Forbes Cloud 100 along with companies we admire is a true honor and makes us proud of Webflow's strong momentum over the past year—from closing our Series C to expanding our executive team to unveiling our $10 million community grants program," said Vlad Magdalin, co-founder and CEO of Webflow. "Being recognized for three consecutive years on this list of great companies further validates our mission to bring the life-changing power of web development to everyone, while also helping startups and enterprises transform how they build their main websites."
In the past year, Webflow announced a $120 million Series C funding round, which brought the company to a $4 billion valuation with over $100M in annual recurring revenue (ARR). The company added several new roles to the executive team, naming seasoned cloud executives Linda Tong as COO, Shane Murphy-Reuter as CMO and Mike Podobnik as VP of People. Webflow also introduced a raft of new solutions to help anyone build more powerful websites, including powerful tools like memberships and logic. Webflow serves more than 200,000 customers, helping startups, agencies and enterprises like Vice Media, Shift, Rakuten, Dell and Discord build powerful websites with no code.
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."
"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."
The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.
Webflow is the leading visual development platform for building powerful websites without writing code. By combining modern web development technologies into one platform, Webflow enables people to build websites visually, saving engineering time, while clean code seamlessly generates in the background. From independent designers and creative agencies to Fortune 500 companies, millions worldwide use Webflow to be more nimble, creative, and collaborative. Webflow powers websites for innovative companies like Zendesk, Lattice, Getaround, Upwork, Allianz, and Dell. Founded in 2013 and based in San Francisco, Webflow is backed by Accel, CapitalG, Silversmith Capital Partners, Y-Combinator, and Draper Associates. Learn more at webflow.com or contact firstname.lastname@example.org.
Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer's global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has $19 billion of regulatory assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing and Bangalore. Born from innovations in steel more than a century ago, Bessemer's storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
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 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements.
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we've invested in and partnered with more than 400 of the world's most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. 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 http://www.salesforceventures.com.
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