25 Growing Cloud Computing Companies & Startups (2024)
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Cloud computing has been one of the biggest tech trends of the last few years.
In 2019, more than 60% of business software was based—and ran—on traditional, on-premise servers. However, this number has continued to shrink in recent years and now more than 90% of organizations in the world use cloud applications.
According to Gartner, 85% of enterprises will adopt a cloud-first culture by 2025. This massive adoption of cloud computing will help the industry grow at a CAGR of around 18% and reach a market size of $1 trillion by 2026.
In this article, we have listed 25 trending cloud computing startups that are contributing to growth in this space.
1. Cast AI
5-year search growth: 426%
Search growth status: Exploding
Year founded: 2019
Location: Miami, Florida
Funding: $73M (Series B)
What they do: Cast AI is a cloud optimization platform primarily used for Kubernetes automation. The platform can automatically optimize and reduce cloud costs for cloud-native companies using machine learning algorithms. The company claims they help customers cut their AWS, Google Cloud, and Azure costs by up to 50%.
2. Coastal Cloud
5-year search growth: 93%
Search growth status: Regular
Year founded: 2012
Location: Palm Coast, Florida
Funding: Undisclosed (Series Unknown)
What they do: Coastal Cloud is a SaaS IT consulting company that offers program management, business analysis, project execution, data migration and data modeling services. To date, the company has completed over 5,000 projects for over 1,150 clients around the world.
3. Keyfactor
Search growth status: Exploding
Year founded: 2001
Location: Independence, Ohio
Funding: $211.9M (Private Equity)
What they do: Key Factor provides an information security platform that helps companies secure their machine and online identities. In short, their solution makes it possible for companies to operate in their cloud computing platforms securely. The startup has over 500 global customers, and according to Key Factor, the startup has a 98.5% customer retention rate.
4. CloudHesive
5-year search growth: 4,000%
Search growth status: Peaked
Year founded: 2014
Location: Fort Lauderdale, Florida
Funding: Undisclosed (Seed)
What they do: CloudHesive helps clients develop their cloud strategy by providing consulting and managed services aimed at optimizing operations, security, reliability, cost, and performance. The startup has experienced a CAGR of 59% in the last 4 years, bringing its estimated yearly revenue to around $5M.
5. Amperity
Search growth status: Peaked
Year founded: 2016
Location: Seattle, Washington
Funding: $187M (Series D)
What they do: Amperity is a data management platform leveraging AI and cloud computing to help brands get a better understanding of their customers. They do this by gathering and analyzing customer data and then using that information to create 360-degree customer profiles. The startup is funded by 16 investors, with Goldman Sachs being one of their most recent and most notable investors
6. CleanCloud
5-year search growth: 15%
Search growth status: Regular
Year founded: 2016
Location: São Paulo, Brazil
Funding: $502.2K (Series Unknown)
What they do: CleanCloud is designed to analyze cloud infrastructures. It then provides dashboards, reports and recommendations on how to optimize the cost of cloud services. The startup claims to have helped its clients save more than $10 million in cloud costs in 2020.
7. DuploCloud
5-year search growth: 99x+
Search growth status: Exploding
Year founded: 2018
Location: San Jose, California
Funding: $49.5M (Series B)
What they do: DuploCloud is a DevOps automation platform used by fast-growing businesses to manage cloud infrastructure and deployment. Unlike alternative platforms, DuploCloud automatically implements security best practices and compliance controls (SOC 2, PCI-DSS, HIPAA, etc.) from the start. In November 2023, the company raised $32 million in Series B funding.
8. ZStack
5-year search growth: 617%
Search growth status: Exploding
Year founded: 2015
Location: Shanghai, China
Funding: $49.1M (Corporate Round)
What they do: ZStack provides a cloud computing service designed to manage enterprise computing, storage and network resources in a unified data center. The company has more than 1000 enterprise users and partners with more than 200 cloud vendors.
9. WireWheel
Search growth status: Peaked
Year founded: 2016
Location: Arlington, Virginia
Funding: $43.7M (Series B)
What they do: WireWheel is a cloud-based data privacy management platform. The platform automatically maps companies’ cloud assets and helps them comply with international data regulations. The startup currently has over 10 technical, consultant and advisory partners.
10. Checkly
5-year search growth: 127%
Search growth status: Exploding
Year founded: 2018
Location: Berlin, Germany
Funding: $12.3M (Series A)
What they do: Checkly is a cloud-based tool designed to help developers set up, maintain, and scale monitoring. The company has already run more than 960 million API checks and 69 million browser checks.
11. Ori Industries
5-year search growth: 1,300%
Search growth status: Regular
Year founded: 2019
Location: London, England
Funding: $140M (Debt Financing)
What they do: Ori Industries is designed to help companies seamlessly access multiple edge computing resources. This enables developers to create applications that are autonomous, smart and immersive. In 2020, Ori Industries experienced a 94.97% employee growth rate.
12. Okteto
5-year search growth: 1,500%
Search growth status: Peaked
Year founded: 2018
Location: San Francisco, California
Funding: $18.1M (Series A)
What they do: Okteto is a cloud-native application development platform. According to Okteto, their solution improves developers’ decision time by 4x. The company brings in an estimated $588K in annual revenue and they have raised $18.1M in their most recent Series A funding round.
13. Privacera
Search growth status: Peaked
Year founded: 2016
Location: San Francisco, California
Funding: $67.3M (Series B)
What they do: Privacera is an enterprise-building data platform that uses AI to identify, classify and build catalogs of data. The startup also allows the management of data privacy and compliance across multiple cloud platforms. Privacera has an estimated yearly revenue of $26M.
14. Panoptica (Formerly Lightspin)
5-year search growth: 15%
Search growth status: Regular
Year founded: 2020
Location: Tel Aviv, Israel
Funding: $25M (Convertible Note)
What they do: Panoptica is a cloud security tool that utilizes predictive graph-based technology to proactively block attack paths and eliminate threats. It also prioritizes threats based on their risk scale so that companies have an easier time deciding which threat to tackle first. The company (Lightspin) was acquired by Cisco and rebranded to Panoptica in March 2023.
15. Beagle Data
Search growth status: Peaked
Year founded: 2010
Location: Beijing, China
Funding: $15.7M (Series D)
What they do: Beagle Data develops cloud computing platform solutions for different companies’ needs. They specialize in providing cloud solutions for large-scale, real-time query construction and default probability prediction within financial organizations. Over the last 5 years, Beagle Data has experienced a CAGR of 23%.
16. iManage
5-year search growth: 76%
Search growth status: Exploding
Year founded: 1995
Location: Chicago, Illinois
Funding: Undisclosed
What they do: iManage provides a cloud-native knowledge work platform for document and email management, collaboration, and information governance. Today, more than 1 million people use the iManage platform at 4,000+ organizations. It's estimated that 78% of the top-rated global law firms use iManage.
17. Pulumi
5-year search growth: 755%
Search growth status: Exploding
Year founded: 2017
Location: Seattle, Washington
Funding: $98.5M (Series C)
What they do: Pulumi is an infrastructure-as-code (IaC) platform that allows developers to deploy and manage cloud infrastructure using their preferred programming languages. Some of the largest companies in the world use Pulumi, including BMW, Mercedes Benz, and Snowflake. The startup supports over 2,000 customers and 150,000 platform users.
18. JumpCloud
Search growth status: Exploding
Year founded: 2012
Location: Louisville, Colorado
Funding: $416.8M (Series F)
What they do: JumpCloud operates a cloud-based identity management platform that handles user management, configuration assessment and administration activity monitoring. This allows different sectors within the company to have a single cloud-based solution that controls and manages employee identities and their devices. The software is used by more than 100K organizations around the world.
19. Crusoe Energy
5-year search growth: 99x+
Search growth status: Exploding
Year founded: 2018
Location: Denver, Colorado
Funding: $747.5M (Series C)
What they do: Crusoe Energy operates mobile modular data centers that capture wasted energy from routine gas flaring operations. It then repurposes that energy to be used to power and reduce the cost of cloud computing platforms. According to the company, Crusoe Energy’s solution helps gas and oil companies reduce their CO2 emissions by up to 63%.
20. CodeScene
5-year search growth: 8,400%
Search growth status: Regular
Year founded: 2015
Location: Malmo, Sweden
Funding: $11.8M (Series Unknown)
What they do: CodeScene is a tool that analyses a company’s codebase to understand and identify code-related health issues and risks. IT also prioritizes and ranks risks depending on their business impact. And presents them in a visual dashboard. The startup has an estimated yearly revenue of $700K.
21. Spotnana
5-year search growth: 7,700%
Search growth status: Regular
Year founded: New York, New York
Location: 2020
Funding: $116M (Series B)
What they do: A Travel-as-a-Service startup, Spotnana offers a travel management platform for corporations and travel management organizations. The cloud-based platform offers online booking, policy management, advanced analytics, and more. The startup partners with Brex to serve more than 200,000 customers.
22. CloudBolt
5-year search growth: -6%
Search growth status: Peaked
Year founded: 2012
Location: Rockville, Maryland
Funding: $61.6M (Debt Financing)
What they do: CloudBolt operates a hybrid cloud management platform intended to help enterprises manage private and public cloud assets. Additionally, the platform also allows for cloud cost and security control. The startup has experienced cumulative three-year revenue growth of 612.4%.
23. SB Cloud
5-year search growth: 209%
Search growth status: Regular
Year founded: 2016
Location: Tokyo, Japan
Funding: Undisclosed
What they do: SB Cloud offers public cloud services, such as elastic computing services, server load balances, data storage services and relational database services. The company has an estimated yearly revenue of $5M.
24. Cloud4C
5-year search growth: 200%
Search growth status: Regular
Year founded: 2014
Location: Singapore, Singapore
Funding: Undisclosed
What they do: Cloud4C provides public and private cloud hosting services designed for uptime, security of data and disaster recovery. Some of the services offered by the company are cloud computing, storage, real cloud hosting, cloud databases and security and monitoring via virtual private server hosting. Cloud4C works with more than 60 Fortune 500 companies in 25 countries.
25. GroundCloud
Search growth status: Exploding
Year founded: 2016
Location: Minneapolis, Minnesota
Funding: Undisclosed
What they do: GroundCloud is a cloud-based logistics SaaS startup. Specifically, the platform allows enterprises to track their fleets, optimize routes, conduct compliance and safety training, and organize schedules. The system is currently used by over 10,000 companies. According to Pitchbook, the startup is looking to close a $500K funding round.
Conclusion
This concludes our list of cloud computing companies worth keeping an eye on in 2024.
These startups utilize cloud computing in creative ways to solve different operational and strategic problems ranging from energy optimization to farming.
As users continue to prefer software they can access from anywhere and from any device, cloud computing is expected to become even bigger in the future.
