Bessemer Venture Partners

𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐥𝐨𝐮𝐝 𝟐𝟎𝟐𝟒 serves as both a eulogy for the legacy cloud and a celebration of the current AI Cloud moment. ☁️ In this report, we focus entirely on the 𝐭𝐨𝐩 𝐟𝐢𝐯𝐞 𝐭𝐫𝐞𝐧𝐝𝐬 deemed most relevant to the AI Cloud by our global team of investors and the implications for the thrilling years we predict are headed our way. 𝐖𝐡𝐲? AI is all we can think about. In 2023, our enthusiasm for AI was underscored by our committed $1 billion in funding. A year later, we have total conviction in the promise of AI — we’ve backed multiple new investments in AI startups and the broad adoption of LLM technology in nearly every portfolio company roadmap. It’s rare to find a cloud company these days that isn’t, at some level, an AI company. Dive into this year's report, where we share our deep dive analysis, top predictions, spicy takes, and behind-the-scenes conversations with our investors. ☁️ 📈 🎥 https://lnkd.in/gTS4-kKX

This week in 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐚𝐭 𝐦𝐚𝐭𝐭𝐞𝐫, we dive into ... ☁️ The 2024 Forbes Cloud 100 📈 Business models emerging in Vertical AI ✨ Market analysis from Mary D'Onofrio, Steve Kraus, Morgan Cheatham, Anant Vidur Puri, among others 🥇 And, of course, the Olympic Gold win from former Bessemer Analyst Kristen Faulkner! Get Atlas delivered to your inbox — links in the comment ⤵️ #venturecapital #ai #entrepreneurship #startups

Cloud 100 companies are reaching Centaur status ($100M ARR) faster than ever. ☁️ 🕰 10 years: Average 2016 Cloud 100 company time to Centaur status. 🚀 7.8 years: Average 2024 Cloud 100 company time to $100M ARR. AI companies are getting there even faster: for 2024 Cloud 100 honorees in the AI category, the average time to Centaur status is just 6.3 years. So, what's enabling this hypergrowth? Learn more in the 2024 Cloud 100 Benchmarks Report: https://lnkd.in/ghSFj8Gk

IPO requirements are higher than ever. As the exit market thaws, growing software companies are building value privately: 📈 The average 2024 Cloud 100 company valuation is a record-high $8.2 billion, up 25% YoY. 🚀 The average 2024 Cloud 100 revenue growth rate has rebounded to 70%. ⚙️ Cloud 100 companies are scaling faster than ever, and AI advancements are playing no small part. Read the 2024 Cloud 100 Benchmarks Report today: https://lnkd.in/ghSFj8Gk

The 2024 Cloud 100 Benchmarks Report is live! In this year’s report, we highlight the trends and data points you need to know about the top private cloud companies around the world today. ☁️ $820B cumulative list value (+25% YoY) ☁️ $8.2B average valuation ☁️ ~97% will have > $100M ARR by the end of 2024 Read the full report: https://lnkd.in/ghSFj8Gk h/t Mary D'Onofrio, Grace Ma, Alex Yuditski, and the Cloud 100 team!

Today Bessemer Venture Partners, Forbes, and Salesforce Ventures announced the 2024 Cloud 100 List, the definitive ranking of the world’s top 100 private cloud companies. Representing $820 billion in aggregate equity value, the cloud companies on this list—and AI companies in particular—are scaling faster than ever. 97% of companies on the list are expected to reach Centaur status ($100M ARR) by year-end. Dig into more 2024 Cloud 100 benchmarks, the Rise of Cloud AI in India, and the AI trends driving transformation in the tech economy. https://lnkd.in/dguJuJ9

India's SaaS market has reached a critical juncture—already a rapidly digitizing economy, it's now set to benefit from advancements in generative AI. 🇮🇳 In our annual report on the country's software landscape, we cover trends such as: 📈 The rise of AI-enabled enterprise software 🤖 AI's transformation of the global services market 🔐 Domestic cybersecurity tailwinds 💳 A growing wealth tech ecosystem 🏭 Digitization in the industrial sector Dive into The Rise of Cloud AI in India 2024: https://lnkd.in/gWXRH-ZH

🥇 Today, we celebrate Kristen Faulkner, a former analyst at Bessemer Venture Partners, on her Olympic Gold in Paris! 🥇 "𝐈 𝐭𝐨𝐨𝐤 𝐚 𝐫𝐞𝐚𝐥𝐥𝐲 𝐛𝐢𝐠 𝐫𝐢𝐬𝐤 𝐚 𝐟𝐞𝐰 𝐲𝐞𝐚𝐫𝐬 𝐚𝐠𝐨 𝐭𝐨 𝐜𝐨𝐦𝐞 𝐭𝐨 𝐩𝐮𝐫𝐬𝐮𝐞 𝐦𝐲 𝐝𝐫𝐞𝐚𝐦, 𝐬𝐡𝐞 𝐬𝐚𝐢𝐝. 𝐈 𝐦𝐚𝐝𝐞 𝐢𝐭 𝐡𝐚𝐩𝐩𝐞𝐧. 𝐈 𝐥𝐞𝐚𝐫𝐧𝐞𝐝 𝐡𝐨𝐰 𝐭𝐨 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐫𝐢𝐬𝐤𝐬 𝐚𝐧𝐝 𝐚𝐬𝐬𝐞𝐬𝐬 𝐫𝐢𝐬𝐤𝐬. 𝐈𝐧 𝐚 𝐫𝐚𝐜𝐞, 𝐈 𝐭𝐚𝐤𝐞 𝐭𝐡𝐚𝐭 𝐦𝐢𝐧𝐝𝐬𝐞𝐭 𝐰𝐢𝐭𝐡 𝐦𝐞: 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐫𝐢𝐬𝐤-𝐫𝐞𝐰𝐚𝐫𝐝 𝐫𝐚𝐭𝐢𝐨? 𝐊𝐧𝐨𝐰𝐢𝐧𝐠 𝐰𝐡𝐞𝐧 𝐭𝐨 𝐠𝐨 𝐚𝐥𝐥 𝐢𝐧." Forge ahead! ESPN reports: https://lnkd.in/gHBJWstE #Olympics2024

As part of our Operating Advisor spotlight series, we’re highlighting some of the incredible advisors within our network. With that in mind, please meet our newest advisor – Allyson Letteri.✨    Allyson is a marketing executive whose career has focused on building strong marketing functions at B2B and B2C SaaS and marketplace companies. She has scaled marketing teams from scratch at fast-growing Silicon Valley companies and now advises early and growth-stage tech startups on go-to-market and demand generation strategies. Her advice is strategic and tactical, and helps leaders move quickly to build and launch.   Most recently, Allyson served as VP of Marketing at Handshake, the leading talent recruitment platform for college students. During her tenure, she led Student and Corporate Marketing, spearheaded a brand overhaul, scaled brand awareness, and significantly increased student usage of the platform. Other career highlights include her time at Thumbtack, where her team scaled pro acquisition and retention and launched a popular pro loyalty program. Additionally, Allyson led product marketing teams at Intuit, and led go-to-market for new products in India, launched mobile payments in Canada and the UK, and managed global retention globally for QuickBooks.   As part of our Operating Advisors team, Allyson dedicates a portion of her time each month to offer guidance and support to leaders within Bessemer portfolio companies. We’re thrilled to partner with Allyson and welcome her to the Bessemer team. ✨ https://lnkd.in/g-6GNksM

Today, we launched 𝐀𝐭𝐥𝐚𝐬 𝐔𝐧𝐥𝐢𝐦𝐢𝐭𝐞𝐝, a free reader benefits program for founders and CEOs. 𝐖𝐡𝐚𝐭 𝐂𝐄𝐎𝐬/𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 𝐠𝐞𝐭: ✔️ All content emailed to you first ✔️ Featured founder perspectives ✔️ Expert Q&As 𝐂𝐄𝐎𝐬/𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 — Click here if you’re interested in being accepted in our next Atlas Unlimited cohort ➡️ https://lnkd.in/gycG8aPb