Gong's AI-Powered Revenue Intelligence Platform
Helps Enterprises Boost Productivity, Increase Revenue
Predictability and Drive Efficient Growth
SAN
FRANCISCO, Aug. 6, 2024 /PRNewswire/ -- Gong, the
Revenue Intelligence leader, has been named to the 2024 Forbes
Cloud 100 list, representing the world's best private cloud
computing companies. This is the fifth consecutive year that Forbes
has appointed Gong to the list.
"Gong is the leading AI platform for revenue teams because it
empowers them to make better decisions, eliminate sales drudgery,
close more deals, and deliver game-changing results," said Gong CMO
Emily He. "It's a huge honor to be named to the Forbes Cloud 100
five years in a row and to be noted for our efforts in combining
the power of the cloud and AI to transform revenue teams."
The Cloud 100, which is produced in partnership with Bessemer
Venture Partners and Salesforce Ventures, is a quantitative and
qualitative list determined by four factors.
- Estimated valuation: An estimate of valuation is
determined based on third-party data providers.
- Operating metrics: Revenue and growth
- People & culture: Each company is evaluated on its
size (e.g., number of people, growth in number of people) and
culture.
- Market leadership: assessment of the companies' market
leadership in various Cloud sectors.
Gong helps more than 4,000 revenue teams around the world boost
productivity, increase revenue predictability, and drive efficient
growth by bringing powerful customer insights to critical revenue
workflows. With insights derived from more than three billion
customer interactions and proprietary AI models purpose-built for
revenue teams, the Gong Revenue Intelligence Platform helps
enterprises evolve their go-to-market strategies for optimal
outcomes.
"For nine years, the Forbes Cloud 100 list has recognized the
leading private cloud companies in the world, from AI to work
software, infrastructure to security," said Alex Konrad, the Forbes editor of the Cloud 100.
"This year's list is the strongest group of standouts yet, with
revenue, valuations and growth that will eventually make for
historic IPOs."
"Across nine years of data, we have yet to see as competitive of
a cohort as the 2024 Cloud 100. The list value reached $820 billion this year, the highest list value in
Cloud 100 history," said Mary D'Onofrio, partner at Bessemer
Venture Partners. "Unsurprisingly, AI is now the highest valued
category. We continue to be excited by how AI companies are scaling
rapidly, transforming the cloud, and propelling the next wave of
growth, driving a massive year-over-year jump in market cap of the
list of over $150 billion.
"The past year, our industry has seen a generational step
forward in innovation, and with AI leading the charge, we are
witnessing one of the most important platform shifts in decades,"
said Paul Drews, managing partner at
Salesforce Ventures. "The Cloud 100 list represents the best of the
best, and we've never been more excited about what the future
holds, not only for the cloud but for the entire technology
industry. We are proud of what these founders and their communities
have already accomplished, and look forward to seeing how they
continue to transform the industry in the future."
About Gong
Gong transforms revenue organizations by
driving business efficiency, revenue growth, and improved
decision-making. The Revenue Intelligence Platform uses proprietary
artificial intelligence technology to enable teams to capture,
understand, and act on all customer interactions in a single,
integrated platform. Thousands of companies around the world rely
on Gong to support their go-to-market strategies and grow revenue
efficiently. For more information, visit www.gong.io.
About Forbes
Forbes champions success by celebrating
those who have made it, and those who aspire to make it. Forbes
convenes and curates the most influential leaders and entrepreneurs
who are driving change, transforming business and making a
significant impact on the world. The Forbes brand today reaches
more than 140 million people worldwide through its trusted
journalism, signature LIVE and Forbes Virtual events, custom
marketing programs and 45 licensed local editions in 76 countries.
Forbes Media's brand extensions include real estate, education and
financial services license agreements.
About Bessemer Venture Partners
Bessemer Venture
Partners helps entrepreneurs lay strong foundations to build and
forge long-standing companies. With more than 145 IPOs and 300
portfolio companies in the enterprise, consumer and healthcare
spaces, Bessemer supports founders and CEOs from their early days
through every stage of growth. Bessemer's global portfolio has
included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty,
DocuSign, Wix, Fiverr, and Toast and has $20
billion of assets under management. Bessemer has teams of
investors and partners located in Tel
Aviv, Silicon Valley, San
Francisco, New York,
London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more
than a century ago, Bessemer's storied history has afforded its
partners the opportunity to celebrate and scrutinize its best
investment decisions (see Memos) and also learn from its mistakes
(see Anti-Portfolio).
About Salesforce Ventures
Salesforce Ventures helps
enterprising founders build companies that reinvent the way the
world works. Since 2009, we've invested in and partnered with more
than 400 of the world's most tenacious enterprise software
companies from seed to IPO, including Anthropic, Cohere, Airtable,
Databricks, DocuSign, Guild Education, monday.com, nCino,
Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures
leverages our decades of expertise in the cloud and our long-term
relationships with key decision-makers at thousands of businesses
around the world to give our portfolio companies an advantage, help
them build credibility, and accelerate growth. Salesforce Ventures
has invested in more than 25 countries with offices all over the
world including in San Francisco,
Irvine, New York, London, and Tokyo. Follow @SalesforceVC and learn more at
http://www.salesforceventures.com.
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