San Francisco, CA - October 17, 2018 - Lookout, Inc, the leading provider of security solutions for the post-perimeter world, has been named to the Forbes 2018 Cloud 100, the definitive list of the top 100 private cloud companies in the world.
“Lookout is proud to be named to the Forbes Cloud 100 List for the third consecutive year, rising to the number 44 spot and validating our position as the world’s foremost enterprise mobile security company,” said Jim Dolce, CEO, Lookout. “Our rise in the ranks demonstrates the tremendous progress we’ve made both building and deploying a machine learning-based platform that addresses the full Spectrum of Mobile Risk.”
As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners received submissions from private cloud companies around the world. The judging panel, comprised of top public cloud-company CEOs, carefully reviewed the submissions to select, score and rank the top 100 companies from the list. The evaluation process involved four factors, namely market leadership, estimated valuation, operating metrics and people and culture.
“For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries,” said Alex Konrad, Forbes editor of The Cloud 100. “I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to a be a cloud company and founder.”
“All of the twenty-five cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. “The 2018 Cloud 100 represents well over $135B in private shareholder value--an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different because of these companies and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100.”
“The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow,” said Matt Garratt, Managing Partner, Salesforce Ventures. “We’re excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world.