Flock Safety has scored a remarkable achievement as the 49th company in the esteemed Forbes 2024 Cloud 100 List. The public safety technology company had struck a huge milestone within the highly competitive industry that is estimated to be worth an excess of eight hundred and twenty billion dollars. The case of the cloud-based platform provided by the company illustrates the potential of innovative technology in solving serious problems in society and contributing to the great success of business.
Forbes identifies major cloud firms in the world
Flock Safety is pleased to announce that we have been ranked as 49 on the Forbes 2024 Cloud 100, a list of the top 100 private cloud companies in the world, released by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures. This award of excellence underscores the accolade for the outstanding development and innovation of the company in the cloud technology industry.
The Cloud 100 considers hundreds of privately held companies annually with cloud services. The evaluation was based on ranking companies in four criteria (market leadership (35%), estimated valuation (30%), operating metrics (20%), and people and culture (15%)). In the case of market leadership, the Cloud 100 uses the assistance of a judging panel of public cloud companies’ CEOs that help to evaluate and rank their peers in the private cloud companies.
Over nine years of data history, we have not encountered as competitive cohort than the 2024 Cloud 100. This year, the list value and the largest list value in Cloud 100 history are $820 billion, said Mary D’Onofrio, partner, Bessemer Venture Partners.
Industry leaders praise technological advancement
Naturally, AI is now the most valued category. We are still thrilled by the growth that AI companies are accelerating to scale, changing the cloud, and launching the next surge of expansion, which is triggering an extraordinary annual increase in market cap of the list of over 150 billion-dollar companies, D’Onofrio added.
In a generational leap of innovation, the last year in our industry has witnessed a generational shift of innovation with AI driving the wave, and the shift has been observed to be one of the most significant platform shifts in decades, said Paul Drews, the managing partner of Salesforce Ventures.
The Cloud 100 list is the cream of the crop, and we have never been more enthusiastic about what will happen next, not only to the cloud but to the entire technology sector. We are further proud of what has already been achieved by these founders and their communities, and we shall be glad to see how they will further revolutionize the industry in the future, Drews went on.
Growth opportunities in public safety technology
This award is a credit to the overall Flock Safety team’s commitment to creativity and high-level performance in the pursuit of our mission of eradicating crime and building a safer tomorrow, collectively. The concentration on the development of the technology of the company regarding the safety of the people has made it one of the most innovative companies in the world in terms of cloud.
In case you are enthusiastic about working in a fast-developing company and have a mission to make the communities safer, visit our vacant positions and join our thrilling path. The fact that Flock Safety is a part of the Forbes Cloud 100 indicates the rising significance of technology solutions in community safety and protection of their community.
The Forbes Cloud 100 recognition of Flock Safety is one of the major milestones in competitive cloud technology. This achievement confirms the innovative strategy of the company in relation to public safety technology and puts it in the ranks of the industry leaders that introduce the transformational change to the industry based on cloud-based solutions and the integration of artificial intelligence.