Celonis is included in the Forbes Cloud 100 ranking for the sixth consecutive time and is recognized for its AI-powered process intelligence (PI) platform, which enables its customers to use AI effectively and create value across the entire value chain.
nnnnForbes Cloud 100: four evaluation criteria
nnnnFor the ninth consecutive year, “Cloud 100” 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), operating metrics (20 percent), and employees and company culture (15 percent). For market leadership, Cloud 100 convenes a jury of CEOs from public cloud companies to support them in evaluating and ranking their counterparts in the private sector. Alex Konrad, Forbes editor of Cloud 100, explains:
nnnnnnnnn“For nine years, the Forbes Cloud 100 list has recognized the world’s leading private cloud companies—ranging from AI to enterprise software to infrastructure and security. This year’s ranking presents the strongest group of companies to date with record revenues, valuations, and growth rates.”
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Mary D’Onofrio, partner at Bessemer Venture Partners, adds:
nnnnnnnnn“In nine years, we’ve never seen as competitive a cohort as the 2024 Cloud 100. This year, the list was valued at 820 billion US dollars, the highest value in Cloud 100 history. It’s therefore no surprise that AI is now the highest-valued category. We remain excited about the speed at which AI companies are scaling, transforming the cloud, and driving the next wave of growth, which has led to a massive increase in the list’s market capitalization to over 150 billion US dollars compared to the previous year.”
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Celonis: “We are in the age of efficiency”
nnnnAnd Alexander Rinke, co-CEO and co-founder of Celonis, comments on the current listing:
nnnnnnnnn“We are not only in the age of AI, but also in the age of efficiency. Process intelligence is critical for enterprises to maximize the value of their business processes and technology investments, particularly AI. There is no enterprise AI without PI. We are honored that our contribution to shaping the future of enterprise AI is recognized, and we remain focused on expanding our process intelligence platform with innovative solutions that deliver profound and lasting value to our customers.”
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According to its own information, Celonis is used by approximately 50 percent of the top 200 of the Forbes Global 2000, an annual list of the world’s 2,000 largest publicly traded companies, and has identified more than 18 billion dollars 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 valued at a market value of over ten billion US dollars and has thus attained decacorn status.
nnnnPersonio, another Munich-based company, made it to 96th place on the Forbes Cloud 100 2024.
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