Komodo Health Marks Fourth Year on Forbes Cloud 100, Highlighting Data-Driven Innovations in Healthcare
SAN FRANCISCO, August 07, 2024–(BUSINESS WIRE)–Komodo Health, a frontrunner in healthcare technology and analytics, has secured a spot on the Forbes 2024 Cloud 100 list, which ranks the top 100 private cloud companies globally. This prestigious list is curated by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures. As Komodo Health approaches its tenth anniversary of delivering leading-edge technology to the Life Sciences sector, this fourth recognition from Forbes further cements the company’s role in transforming healthcare through its comprehensive, AI-driven platform.
Commitment to Healthcare Analytics and Insights
“Receiving the Forbes Cloud 100 recognition for the fourth time reaffirms our dedication to transforming healthcare analytics and expediting the provision of crucial real-world insights that are essential for alleviating the global disease burden,” stated Web Sun, President of Komodo Health. “As we expand our reach, our primary focus remains on empowering organizations to utilize Komodo’s cloud technology and exceptional insights to enhance patient outcomes and innovate solutions that will define the future of the healthcare sector.”
A Rigorous Evaluation Process for Cloud Companies
For the ninth consecutive year, the Cloud 100 evaluated numerous submissions from a variety of cloud startups and private enterprises. The selection process involved assessing companies based on four key criteria: market leadership (35%), estimated valuation (30%), operational metrics (20%), and company culture (15%). To gauge market leadership, the Cloud 100 enlisted a panel of CEOs from public cloud firms to assist in the evaluation and ranking of their private counterparts.
A Record-Breaking Year for Cloud Companies
“For nine years, the Forbes Cloud 100 has spotlighted the leading private cloud entities globally, covering a wide spectrum from AI and work software to infrastructure and security,” remarked Alex Konrad, editor of the Cloud 100 at Forbes. “The current list showcases an unparalleled group of achievers, with revenues, valuations, and growth trajectories that hint at historic IPO potential.”
AI Dominates the Cloud Landscape
“Over the past nine years of data, we have not encountered a cohort as competitive as the 2024 Cloud 100. This year’s list has achieved a total valuation of $820 billion, the highest in the history of the Cloud 100,” stated Mary D’Onofrio, a partner at Bessemer Venture Partners. “Unsurprisingly, AI has emerged as the most valuable category. We are continually inspired by the rapid growth of AI companies, which are reshaping the cloud sector and driving a significant year-over-year increase in market capitalization exceeding $150 billion.”
Transformative Innovations in the Tech Industry
“The past year has ushered in a generational leap in innovation, with AI leading this transformative wave, marking one of the most significant shifts in platforms over the past several decades,” expressed Paul Drews, managing partner at Salesforce Ventures. “The Cloud 100 list exemplifies excellence, and we have never been more enthusiastic about the future—for both the cloud sector and the broader technology landscape. We commend the accomplishments of these founders and their communities and eagerly anticipate their ongoing contributions to the industry.”
Publication Details and Celebrations
The Forbes 2024 Cloud 100 and the 20 Rising Stars lists will be available online. Highlights of the rankings will also be featured in the August/September 2024 edition of Forbes magazine. This year, the CEOs of the Cloud 100 and Rising Stars will be celebrated through a digital content launch, along with an exclusive Cloud 100 Celebration event hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. Special acknowledgments are given to the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Nasdaq.
About Komodo Health
Komodo Health stands at the forefront of the technology sector, establishing a new benchmark for real-world data-driven insights and analytics. By combining the most comprehensive view of patient encounters with artificial intelligence, the company connects individual patient paths to broader health outcomes. Serving stakeholders across Life Sciences, payers, providers, and developers, Komodo empowers its clients to derive patient-focused insights at scale, integrating clinical data with advanced algorithms and AI solutions to enhance decision-making, bridge care gaps, mitigate disease impact, and foster a more efficient, value-oriented healthcare system.
About Bessemer Venture Partners
Bessemer Venture Partners is dedicated to helping entrepreneurs build robust foundations for enduring enterprises. With a track record of over 145 IPOs and a diverse portfolio of 300 companies across various sectors, including enterprise, consumer, and healthcare, Bessemer offers support to founders and CEOs through all stages of growth. The firm’s global investments include well-known companies like Pinterest, Shopify, Twilio, and LinkedIn, managing assets totaling over $18 billion.
About Forbes
Forbes is committed to celebrating success by highlighting individuals who have achieved great heights and those striving to do so. The brand gathers influential leaders and entrepreneurs who are effecting change, reshaping businesses, and making meaningful contributions to society. Reaching over 140 million people globally, Forbes engages its audience through trusted journalism, signature events, custom marketing initiatives, and numerous licensed editions across the world.
About Salesforce Ventures
Salesforce Ventures is focused on supporting ambitious founders in creating companies that revolutionize the way we work. With over 15 years of experience, the firm has invested in more than 400 leading enterprise software companies from seed funding to IPO stages. Utilizing its extensive expertise in the cloud and strong relationships with key business decision-makers, Salesforce Ventures empowers its portfolio companies to accelerate growth and enhance credibility. The firm manages a $5 billion portfolio encompassing over 300 companies across more than 25 countries, with offices located globally.
