The top 10 hottest cloud computing startups of 2021
A developer of data catalog software used in cloud migration, maker of a cloud-based materials management operating system for construction projects, and creator of software that connects APIs and microservices natively across and within clouds have all been on CRN’s list of top cloud startups. year.
The startups come from the traditional tech hubs of the San Francisco Bay Area and the Boston area, but also from emerging places of cloud innovation, including Miami and Detroit.
The list includes more experienced startups like Alation, which is nearing its 10th anniversary, and Oatfin, founded last year and among startups selected for the $ 5 million Google for Startups Black Founders Fund.
The 10 Hottest Networking Startup Companies Of 2021
A recent report from venture capital firm Battery Ventures summarizes the growth of cloud computing during the pandemic and its ever-growing potential: eleven IPOs of major infrastructure software companies since the onset of COVID-19, representing a value of 236 billions of dollars ; software companies have raised around $ 300 billion so far in 2021, nearly double the $ 164 billion raised in 2019; and a collective annualized revenue of $ 100 billion for the largest public cloud companies: Amazon, Microsoft and Google.
Battery estimates cloud computing spending in 2025 at around $ 848 billion, more than double the $ 320 billion in 2020. That amount in 2025 represents just 16% penetration, according to the report.
And IBM CEO Arvind Krishna likes to call the hybrid cloud market – just a section of the cloud – a total addressable market of $ 1,000 billion.
Here is CRN’s list of 10 cloud computing startups to watch so far in 2021.