This week, Forbes released the 2022 Cloud 100 List, the definitive ranking of the top 100 private cloud companies in the world, produced in collaboration with Bessemer Venture Partners and Salesforce Ventures. As for the automation companies, Celonis, Automation Anywhere and Workato are named to the list at No. 11, 43 and 47, respectively. Here are the details.
Forbes’ data partner Bessemer Venture Partners received hundreds of submissions to identify the standouts in cloud categories that demonstrated strong financials and other exceptional qualitative factors, such as unprecedented customer adoption and satisfaction. A panel of 25 judges, made up of a majority of public cloud CEOs, selected and ranked the top 100 companies using a combination of quantitative and qualitative factors. The evaluation process involved four factors: estimated valuation (30%), operating metrics (20%), people and culture (15%), and market leadership (35%), which the judge panel then weighed to select, score and rank the winners.
Celonis | #11
In 2011, Alexander Rinke, Bastian Nominacher and Martin Klenk had an idea and $15,000. The German trio took that money and founded Celonis to offer an X-ray of a company through a technique called process mining, which mines a company’s existing log data to detect and visually represent its inefficiencies and bottlenecks. Based in Munich and New York, the company counts BP, Dell, Siemens, and Uber among its customers. After raising a $1 billion Series D funding round at an $11.1 billion valuation in 2021, it used $100 million of the money to acquire fellow German company Process Analytics Factory in a move to improve its process mining capabilities for Microsoft apps.
Automation Anywhere | #43
Co-founded by CEO Mihir Shukla, Neeti Mehta, Ankur Kothari, and Rushabh Parmani in 2003, Automation Anywhere provides robotic process automation (RPA) software that allows companies to set up bots to perform repetitive tasks. After 20 years in business, Automation Anywhere now operates in an industry that could be ripe for consolidation. Rival UiPath acquired natural language processing business Re:infer in August 2022. And a Gartner report from the same month found that the global RPA market was growing, but more slowly than in the recent past.
Workato | #47
Workato was co-founded in 2013 by Vijay Tella with the intention of automating business workflows through its no code platform. Tella is an immigrant from rural India who became inspired to run a company after observing his father’s work as a mining executive. Since its inception, the company has amassed more than 11,000 customers, including big names like Box, Intuit, and Broadcom. The company employs 921 people and is valued at $5.7 billion — $4 billion more than last year.