What are the most valued startups in the cloud computing market?

Last updated: 13 July 2026

market research pitch 2026

In our updated market reports, you will find everything you need

This page tracks the most valuable startups in the cloud computing market, from AI infrastructure providers to databases, security platforms and developer tools.

We update this cloud computing startup ranking every month as companies raise capital, complete acquisitions or reach new public market valuations.

The database combines reported valuations with structured estimates when recent valuation figures are not publicly available.

A quick summary table

Metric Value
Most valuable cloud computing startup Anthropic, $965.0B–$1.2T
Second most valuable cloud computing startup OpenAI, $852.0B–$909.0B
Median cloud computing startup valuation Approximately $1.35B
Cloud computing valuation captured by the top 10 Approximately 91%
Top cloud computing valuation versus median Approximately 802 times
Median cloud valuation-to-capital-raised ratio Approximately 4.2 times
Cloud computing startups valued at $1B+ Approximately 61

Top startups in the cloud computing market ranked by valuation

Here is an updated table that ranks the top startups in the cloud computing market based on their latest reported or estimated valuations.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Anthropic Claude AI models and safety $965.0B–$1.2T Strong Confidence Announced Private Round Valuation Estimated $132.0B Partial Confidence
2 OpenAI Frontier AI models and platform $852.0B–$909.0B Strong Confidence Announced Private Round Valuation Estimated $180.3B Partial Confidence
3 xAI Grok models and AI infrastructure $235.0B–$250.0B Partial Confidence Acquisition Value Estimated $47.0B Strong Confidence
4 Databricks Data lakehouse and AI platform $100.0B–$110.0B Strong Confidence Announced Private Round Valuation Estimated $19.2B Strong Confidence
5 CoreWeave GPU cloud infrastructure provider $49.1B Full Confidence Public Market Cap Observed $2.0B Strong Confidence
6 Wiz Cloud security posture platform $32.0B Full Confidence Acquisition Value Observed $1.9B Strong Confidence
7 VAST Data AI data infrastructure platform $30.0B Full Confidence Announced Private Round Valuation Observed $1.4B Strong Confidence
8 Scale AI AI data and model evaluation $29.0B–$30.0B Strong Confidence Proxy-Based Estimate Implied $15.9B Strong Confidence
9 Perplexity AI answer search engine $18.0B–$22.0B Partial Confidence Announced Private Round Valuation Estimated $1.7B Partial Confidence
10 Fluidstack Managed AI compute clusters $16.0B–$18.0B Partial Confidence Active Raise Valuation Estimated $1.1B Partial Confidence
11 ClickHouse Real-time analytical database platform $15.0B Full Confidence Announced Private Round Valuation Observed $1.1B Strong Confidence
12 Nscale Sovereign AI cloud infrastructure $14.6B Full Confidence Announced Private Round Valuation Observed $3.7B Strong Confidence
13 Mistral AI European frontier AI models $13.7B–$13.8B Full Confidence Announced Private Round Valuation Observed $3.2B Full Confidence
14 Supabase Open-source Postgres application platform $10.5B Full Confidence Announced Private Round Valuation Observed $1.0B Full Confidence
15 Crusoe Clean-energy AI cloud infrastructure $10.0B Full Confidence Announced Private Round Valuation Observed $2.5B Full Confidence
16 Vercel Frontend cloud and AI deployment $9.3B Full Confidence Announced Private Round Valuation Observed $863M Strong Confidence
17 Replit AI software creation platform $9.0B Full Confidence Announced Private Round Valuation Observed $852M Partial Confidence
18 Grafana Labs Open-source observability and monitoring $8.3B–$9.1B Strong Confidence Announced Private Round Valuation Implied $1.1B Partial Confidence
19 Together AI Open-source AI acceleration cloud $8.3B Full Confidence Announced Private Round Valuation Observed $1.2B Full Confidence
20 Cohere Enterprise AI language models $7.0B Strong Confidence Announced Private Round Valuation Observed $1.5B Strong Confidence
21 Lambda GPU cloud for AI developers $6.0B–$7.0B Partial Confidence Implied Valuation from Raise Estimated $2.4B Strong Confidence
22 Fivetran Automated enterprise data movement $5.0B–$7.0B Partial Confidence Comparables-Based Estimate Estimated $730M Full Confidence
23 Snyk Developer-first application security $5.0B–$7.0B Partial Confidence Revenue or ARR Multiple Estimate Estimated $1.5B Strong Confidence
24 Harness AI software delivery platform $5.5B Full Confidence Announced Private Round Valuation Observed $595M Strong Confidence
25 Cato Networks Cloud-delivered enterprise networking security $4.8B–$5.5B Strong Confidence Announced Private Round Valuation Estimated $1.2B Strong Confidence
26 Netskope Cloud and network security $4.9B Full Confidence Public Market Cap Observed $2.0B Strong Confidence
27 Cockroach Labs Distributed cloud SQL database $4.2B–$5.2B Partial Confidence Comparables-Based Estimate Estimated $633M Full Confidence
28 Cribl Routes and manages telemetry data $4.2B–$5.2B Strong Confidence Revenue or ARR Multiple Estimate Estimated $596M Strong Confidence
29 Modal Serverless cloud for AI workloads $4.7B Full Confidence Announced Private Round Valuation Observed $465M Full Confidence
30 Chainguard Secures software supply chains $3.3B–$3.8B Strong Confidence Announced Private Round Valuation Estimated $612M Full Confidence
31 Vultr Independent cloud AI infrastructure $3.5B Strong Confidence Announced Private Round Valuation Observed $333M Full Confidence
32 Chronosphere Cloud-native observability platform $3.4B Full Confidence Acquisition Value Observed $369M Partial Confidence
33 Postman API development collaboration platform $1.0B–$5.6B Low Confidence Comparables-Based Estimate Estimated $433M Full Confidence
34 dbt Labs Analytics engineering transformation platform $2.5B–$3.5B Partial Confidence Acquisition Value Estimated $416M Full Confidence
35 LaunchDarkly Feature management and experimentation $2.5B–$3.5B Partial Confidence Revenue or ARR Multiple Estimate Estimated $330M Full Confidence
36 Sentry Developer application performance monitoring $2.5B–$3.3B Partial Confidence Comparables-Based Estimate Estimated $217M Full Confidence
37 Sysdig Cloud-native runtime security $2.2B–$3.2B Partial Confidence Revenue or ARR Multiple Estimate Estimated $744M Full Confidence
38 Docker Container development platform $2.1B–$3.0B Partial Confidence Revenue or ARR Multiple Estimate Estimated $436M Partial Confidence
39 Redis Real-time in-memory data platform $2.1B–$2.7B Strong Confidence Revenue or ARR Multiple Estimate Estimated $356M Full Confidence
40 Kong API management platform $2.0B–$2.6B Strong Confidence Announced Private Round Valuation Estimated $345M Partial Confidence
41 Druva Cloud data protection platform $1.8B–$2.4B Partial Confidence Revenue or ARR Multiple Estimate Estimated $475M Strong Confidence
42 OwnBackup SaaS data protection platform $1.9B Full Confidence Acquisition Value Observed $507M Partial Confidence
43 Orca Security Agentless cloud security platform $1.5B–$2.3B Partial Confidence Comparables-Based Estimate Estimated $632M Strong Confidence
44 Wasabi Low-cost cloud object storage $1.8B Full Confidence Announced Private Round Valuation Observed $439M Partial Confidence
45 Weka AI-native data storage platform $1.6B–$1.9B Strong Confidence Revenue or ARR Multiple Estimate Estimated $375M Partial Confidence
46 Egnyte Secure content governance platform $1.5B–$1.7B Strong Confidence Announced Private Round Valuation Observed $137M Partial Confidence
47 Tailscale Zero-trust private networking $1.4B–$1.8B Strong Confidence Announced Private Round Valuation Estimated $275M Full Confidence
48 Coralogix AI-powered enterprise observability platform $1.6B Full Confidence Announced Private Round Valuation Observed $550M Partial Confidence
49 Airbyte Open-source data integration $1.2B–$1.8B Partial Confidence Comparables-Based Estimate Estimated $181M Full Confidence
50 Render Cloud application hosting platform $1.5B Full Confidence Announced Private Round Valuation Observed $257M Strong Confidence
51 Teleport Identity-based infrastructure access $1.2B–$1.7B Partial Confidence Revenue or ARR Multiple Estimate Estimated $169M Strong Confidence
52 Nasuni Hybrid cloud file platform $1.2B–$1.5B Partial Confidence Comparables-Based Estimate Estimated $218M Partial Confidence
53 CircleCI CI/CD automation platform $1.2B–$1.5B Partial Confidence Proxy-Based Estimate Estimated $313M Full Confidence
54 Matillion Cloud data integration platform $1.1B–$1.5B Partial Confidence Revenue or ARR Multiple Estimate Estimated $312M Strong Confidence
55 Aqua Security Cloud-native application security $900M–$1.3B Partial Confidence Revenue or ARR Multiple Estimate Estimated $325M Full Confidence
56 CAST AI Automates Kubernetes cloud optimization $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Observed $173M Partial Confidence
57 Anyscale Ray-based AI compute platform $900M–$1.2B Partial Confidence Comparables-Based Estimate Estimated $260M Strong Confidence
58 RunPod AI developer GPU cloud $1.0B Full Confidence Announced Private Round Valuation Observed $122M Partial Confidence
59 Neon Serverless PostgreSQL database platform $1.0B Full Confidence Acquisition Value Observed $131M Partial Confidence
60 Astronomer Managed Apache Airflow orchestration $800M–$1.2B Partial Confidence Implied Valuation from Raise Implied $376M Partial Confidence
61 Yugabyte Distributed cloud SQL database $800M–$1.2B Low Confidence Revenue or ARR Multiple Estimate Estimated $291M Strong Confidence
62 Observe AI-powered telemetry analytics platform $1.0B Strong Confidence Acquisition Value Observed $306M Partial Confidence
63 Monte Carlo Data and AI observability $800M–$1.1B Partial Confidence Comparables-Based Estimate Estimated $236M Strong Confidence
64 Aviatrix Multicloud network security $700M–$1.2B Low Confidence Revenue or ARR Multiple Estimate Estimated $346M Strong Confidence
65 Alkira Multicloud networking as service $700M–$1.1B Partial Confidence Implied Valuation from Raise Implied $184M Partial Confidence
66 Netlify Cloud platform for web applications $700M–$1.0B Low Confidence Revenue or ARR Multiple Estimate Estimated $212M Full Confidence
67 Hasura GraphQL and data-access platform $650M–$950M Partial Confidence Revenue or ARR Multiple Estimate Estimated $137M Strong Confidence
68 Timescale PostgreSQL time-series database platform $650M–$950M Low Confidence Comparables-Based Estimate Estimated $181M Partial Confidence
69 SingleStore Real-time distributed SQL database $650M–$850M Partial Confidence Revenue or ARR Multiple Estimate Estimated $410M Partial Confidence
70 Pinecone Managed vector database platform $650M–$850M Partial Confidence Revenue or ARR Multiple Estimate Estimated $138M Full Confidence
71 Railway Developer cloud deployment platform $550M–$800M Strong Confidence Implied Valuation from Raise Implied $124M Strong Confidence
72 Starburst Distributed data analytics platform $500M–$750M Low Confidence Revenue or ARR Multiple Estimate Estimated $414M Full Confidence
73 Hammerspace AI data orchestration platform $500M–$650M Strong Confidence Announced Private Round Valuation Observed $157M Strong Confidence
74 MotherDuck Serverless DuckDB analytics platform $500M–$600M Strong Confidence Announced Private Round Valuation Implied $133M Partial Confidence
75 Replicate Runs open-source AI models $450M–$550M Partial Confidence Acquisition Value Estimated $58M Full Confidence
76 CloudZero Cloud cost intelligence platform $420M–$560M Partial Confidence Implied Valuation from Raise Implied $119M Partial Confidence
77 Firebolt High-performance cloud data warehouse $350M–$600M Low Confidence Comparables-Based Estimate Estimated $269M Full Confidence
78 Upbound Cloud control plane platform $350M–$550M Low Confidence Comparables-Based Estimate Estimated $69M Full Confidence
79 Fly.io Edge application cloud $350M–$500M Partial Confidence Revenue or ARR Multiple Estimate Estimated $111M Strong Confidence
80 PlanetScale Serverless MySQL database platform $300M–$500M Low Confidence Comparables-Based Estimate Estimated $105M Full Confidence
81 Finout Enterprise FinOps cost platform $300M–$440M Partial Confidence Implied Valuation from Raise Implied $85M Full Confidence
82 Honeycomb Observability for distributed applications $280M–$420M Low Confidence Comparables-Based Estimate Estimated $150M Strong Confidence
83 Twingate Zero-trust network access $250M–$450M Low Confidence Comparables-Based Estimate Estimated $67M Partial Confidence
84 Qdrant Open-source vector search infrastructure $280M–$400M Partial Confidence Implied Valuation from Raise Implied $88M Strong Confidence
85 Pulumi Infrastructure as code platform $275M–$400M Partial Confidence Comparables-Based Estimate Estimated $99M Full Confidence
86 Zesty Dynamic cloud cost optimization $250M–$400M Low Confidence Comparables-Based Estimate Estimated $117M Full Confidence
87 Materialize Streaming SQL database platform $220M–$380M Low Confidence Comparables-Based Estimate Estimated $108M Full Confidence
88 HYCU Multi-cloud backup platform $220M–$320M Low Confidence Revenue or ARR Multiple Estimate Estimated $141M Strong Confidence
89 Weaviate Open-source vector database platform $180M–$300M Partial Confidence Revenue or ARR Multiple Estimate Estimated $68M Full Confidence
90 Mezmo Telemetry data pipeline platform $180M–$300M Low Confidence Revenue or ARR Multiple Estimate Estimated $110M Strong Confidence
91 Dagster Data orchestration platform $180M–$300M Low Confidence Implied Valuation from Raise Implied $47M Strong Confidence
92 Tyk API gateway platform $150M–$300M Low Confidence Comparables-Based Estimate Estimated $41M Partial Confidence
93 Prefect Workflow orchestration platform $140M–$240M Low Confidence Revenue or ARR Multiple Estimate Estimated $44M Strong Confidence
94 Logz.io Cloud-native logs and observability $140M–$230M Low Confidence Revenue or ARR Multiple Estimate Estimated $123M Strong Confidence
95 Vantage Cloud cost management platform $110M–$170M Partial Confidence Revenue or ARR Multiple Estimate Estimated $25M Full Confidence
96 StrongDM Secure infrastructure access management $75M–$125M Low Confidence Acquisition Value Estimated $110M Strong Confidence
97 Doppler Secrets management for developers $65M–$115M Low Confidence Comparables-Based Estimate Estimated $29M Strong Confidence
98 Clumio Cloud backup automation platform $47M Full Confidence Acquisition Value Observed $261M Strong Confidence

Key valuation trends in the cloud computing market

Insights

  • The top 10 cloud computing startups capture roughly 91% of the combined valuation in this ranking, mainly because foundation-model companies sit far above traditional infrastructure and software businesses.
  • Anthropic, OpenAI, xAI and Databricks account for more than $2.3 trillion of midpoint valuation, showing how AI platforms have reshaped the upper end of the cloud computing market.
  • CoreWeave, Wiz, VAST Data, ClickHouse and Nscale hold about $141 billion in combined value after raising around $10.1 billion, equal to roughly fourteen dollars of value for every dollar raised.
  • VAST Data’s $30 billion valuation is more than twenty-one times its $1.4 billion of funding, making VAST Data one of the most capital-efficient scaled cloud infrastructure companies in the database.
  • ClickHouse and Supabase are worth $25.5 billion combined after raising about $2.1 billion, showing the strong valuation premium attached to open-source cloud data infrastructure with commercial adoption.
  • CoreWeave’s $49.1 billion public valuation exceeds the combined value of ClickHouse, Nscale, Mistral AI and Crusoe, highlighting the market demand for immediately available GPU computing capacity.
  • Wiz’s $32 billion acquisition value equals almost seventeen times the cloud security company’s funding, creating a powerful strategic exit benchmark for security platforms with broad enterprise coverage.
  • Harness and Modal have reached combined valuations of $10.2 billion on about $1.1 billion of funding, suggesting that AI-focused developer infrastructure can produce valuation-to-capital ratios near ten times.
  • Cloud computing acquisition outcomes remain highly uneven, from Wiz at $32 billion to Clumio at $47 million, showing that strategic relevance matters more than the amount of capital previously raised.
  • Clumio’s $47 million acquisition value represents less than one-fifth of its $261 million funding, illustrating the downside faced by heavily financed cloud startups that lose differentiation or growth momentum.
  • Database valuations are spread across analytical, PostgreSQL, distributed SQL, in-memory and vector architectures, suggesting investors reward workload specialization rather than expecting one database model to dominate.
  • Security and AI infrastructure dominate the companies valued above $10 billion, while observability, FinOps and workflow tools generally remain in lower valuation tiers.

A few word about our methodology

As you can see, we built a database that ranks startups in the cloud computing market based on their current valuation.

Estimating cloud computing startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed cloud companies, or official acquisition prices.

When a cloud computing company is publicly listed, we use its current market capitalization as the reference valuation.

If a cloud computing startup was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, cloud consumption, customer traction or infrastructure capacity, combined with valuation multiples from comparable companies.

When direct financial data is not available, we may rely on carefully selected cloud computing companies and other signals such as hiring growth, investor quality, customer adoption or product traction.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older cloud computing data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each cloud computing startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Who is the author of this content?

NEW MARKET PITCH TEAM

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