29Jan

The 25 Most Valuable Cloud Computing Companies Are Worth Way More Than You’d Think

The 25 Most Valuable Cloud Computing Companies Are Worth Way More Than You’d Think
// SAI

Box Aaron Levie

With Box’s successful IPO last week, there are now 25 public companies in the cloud computing market worth more than $1 billion, according to Bessemer Venture Partners’ Cloud Index.

And the market cap of the top 30 cloud tracked by the BVP Cloud index hit more than $155 billion last week, too. (The index tracks 41 public companies.)

That’s grown by a lot. In 2013, when the index was new, the top 30 companies were worth about $100 billion and only 15 of them were worth over $1 billion.

Here’s another shocker:

Byron Deeter and Kristina Shen

No. 25 Hubspot: $1.08 billion

Ticker: HUBS
Stock price: ~$34
Market cap: ~$1.08 billion

Hubspot offers a cloud service for marketing and sales software.

No. 24 Cvent: $1.11 billion

Ticker: CVT
Stock price: ~$27
Market cap: ~$1.11 billion

Cvent offers cloud-based event management software.

No. 23 LogMeIn: $1.18 billion

Ticker: LOGM
Stock price: ~$48
Market cap: ~$1.18 billion

LogMeIn allows you to remotely log-in and access your computers from anywhere and helps enterprises manage remote computers.

See the rest of the story at Business Insider

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