Celonis is ranked for the sixth time in a row by Forbes Cloud 100 and is recognized for its AI-powered Process Intelligence (PI) platform, which enables its customers to effectively use AI and thus create added value across the entire value chain.
Forbes Cloud 100: Four evaluation criteria
For the ninth consecutive year, the Cloud 100 annually reviews applications from hundreds of cloud startups and private companies. As part of the Cloud 100 evaluation process, companies are assessed based on four criteria: market leadership (35 percent), estimated valuation (30 percent), operational metrics (20 percent), and people and culture (15 percent). For market leadership, the Cloud 100 consults a panel of CEOs from public cloud companies to assist them in evaluating and ranking their private sector peers. Alex Konrad, the Forbes Cloud 100 editor, explains:
"For nine years, the Forbes Cloud 100 list has recognized the world's leading private cloud companies—ranging from AI and enterprise software to infrastructure and security. This year's ranking presents the strongest group yet, with historical revenue, valuation, and growth rates."
Mary D'Onofrio, partner at Bessemer Venture Partners, continues:
"In nine years, we've never seen a cohort as competitive as the 2024 Cloud 100. This year, the list was valued at $820 billion, the highest in the Cloud 100's history. It's no surprise, then, that AI is now the highest-valued category. We continue to be excited by the speed at which AI companies are scaling, transforming the cloud, and driving the next wave of growth, which has led to a massive year-over-year increase in the list's market capitalization to over $150 billion."
Celonis: “We are in the age of efficiency”
And Alexander Rinke, Co-CEO and co-founder of Celonis, says about the current listing:
“We are not only in the age of AI, but also in the age of efficiency. Process intelligence is critical for companies to maximize the value of their business processes and technology investments, especially AI. There is no enterprise AI without PI. We are honored to be recognized for our contribution to shaping the future of enterprise AI and remain focused on expanding our process intelligence platform with innovative solutions that deliver profound and sustainable value to our customers."
Celonis claims to be deployed by around 50 percent of the top 200 companies in the Forbes Global 2000, an annual list of the 2,000 largest publicly traded companies in the world, and has identified more than $18 billion in value for its customers across thousands of processes, systems, and industries. Since its Series D round in summer 2021, the Munich-based company has been Market value of over ten billion US dollars rated and thus has the status of a decacorn.
Personio is another Munich-based company to make it onto the Forbes Cloud 100 2024, ranking 96th.
