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

Last updated: 13 July 2026

Explore our monthly updated ranking of the most valuable startups in the cloud infrastructure market.

market research pitch 2026

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

Cloud infrastructure startups now span AI computing, cybersecurity, databases, storage, networking, observability and developer platforms.

The largest companies benefit from rising demand for AI workloads, secure cloud operations and real-time data processing.

We update this cloud infrastructure startup list every month as funding rounds, acquisitions and public market values change.

A quick summary table

Metric Value
Most valuable cloud infrastructure startup Nebius, $53.9B
Second most valuable cloud infrastructure startup CoreWeave, $47.4B
Median cloud infrastructure startup valuation Approximately $1.1B
Share of cloud infrastructure value captured by the top 10 Approximately 63%
Top cloud infrastructure valuation vs. median Approximately 49 times
Median valuation-to-capital-raised ratio Approximately 4 times
Cloud infrastructure startups valued at $1B+ Approximately 50

Top startups in the cloud infrastructure market ranked by valuation

Here is an updated table that ranks the top startups in the cloud infrastructure 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 Nebius AI infrastructure cloud platform $53.9B Full Confidence Public Market Cap Observed $1.9B Partial Confidence
2 CoreWeave GPU cloud for AI workloads $47.4B Full Confidence Public Market Cap Observed $4.1B Strong Confidence
3 Wiz Cloud and AI security $32.0B Full Confidence Acquisition Value Observed $1.9B Strong Confidence
4 VAST Data AI data infrastructure platform $30.0B Full Confidence Announced Private Round Valuation Observed $1.4B Strong Confidence
5 ClickHouse Real-time cloud analytics database $15.0B Strong Confidence Announced Private Round Valuation Observed $1.1B Strong Confidence
6 Nscale AI hyperscale cloud infrastructure $14.6B Full Confidence Announced Private Round Valuation Observed $3.7B Strong Confidence
7 Lambda GPU cloud for AI developers $10.0B–$16.0B Partial Confidence Implied Valuation from Raise Implied $2.4B Strong Confidence
8 Fluidstack AI compute infrastructure provider $8.0B–$18.0B Partial Confidence Active Raise Valuation Estimated $678M Partial Confidence
9 Supabase Open-source Postgres backend platform $10.5B Strong Confidence Announced Private Round Valuation Observed $996M Strong Confidence
10 Crusoe AI cloud and data centers $10.0B Strong Confidence Announced Private Round Valuation Observed $2.5B Strong Confidence
11 Vercel Frontend and AI cloud $9.3B Full Confidence Announced Private Round Valuation Observed $863M Full Confidence
12 Replit AI application creation platform $9.0B Full Confidence Announced Private Round Valuation Observed $878M Strong Confidence
13 Together AI Open-source AI cloud platform $8.3B Full Confidence Announced Private Round Valuation Observed $1.2B Full Confidence
14 HashiCorp Infrastructure automation and security $6.4B Full Confidence Acquisition Value Observed $1.5B Full Confidence
15 Grafana Labs Open-source observability and monitoring $5.5B–$7.0B Strong Confidence Revenue or ARR Multiple Estimate Estimated $804M Partial Confidence
16 Harness AI-powered software delivery platform $5.5B Full Confidence Announced Private Round Valuation Observed $570M Strong Confidence
17 Cato Networks Secure enterprise networking and SASE $4.8B–$5.4B Strong Confidence Announced Private Round Valuation Estimated $1.2B Partial Confidence
18 Temporal Durable workflow execution platform $5.0B Full Confidence Announced Private Round Valuation Observed $650M Full Confidence
19 Netskope Cloud security and SASE platform $4.9B Full Confidence Public Market Cap Observed $2.0B Partial Confidence
20 Modal Serverless AI compute platform $4.7B Full Confidence Announced Private Round Valuation Observed $465M Full Confidence
21 Cockroach Labs Distributed cloud SQL database $4.5B–$5.5B Strong Confidence Revenue or ARR Multiple Estimate Estimated $633M Full Confidence
22 Cribl Routes observability and security data $4.0B–$5.0B Strong Confidence Revenue or ARR Multiple Estimate Estimated $596M Strong Confidence
23 Fireworks AI Enterprise AI inference cloud $4.0B Full Confidence Announced Private Round Valuation Observed $307M Full Confidence
24 Chainguard Secure software supply-chain platform $3.5B Full Confidence Announced Private Round Valuation Observed $612M Strong Confidence
25 Chronosphere Cloud-native observability platform $3.4B Full Confidence Acquisition Value Observed $369M Strong Confidence
26 Snyk Developer application security platform $2.8B–$4.0B Partial Confidence Revenue or ARR Multiple Estimate Estimated $1.3B Strong Confidence
27 Aiven Managed open-source cloud data services $2.4B–$3.0B Partial Confidence Comparables-Based Estimate Estimated $420M Full Confidence
28 Voltage Park GPU cloud infrastructure provider $2.5B Strong Confidence Acquisition Value Observed $500M Low Confidence
29 Illumio Zero-trust breach containment platform $2.2B–$2.5B Strong Confidence Comparables-Based Estimate Estimated $558M Partial Confidence
30 Docker Container development and deployment platform $1.9B–$2.5B Partial Confidence Comparables-Based Estimate Estimated $541M Partial Confidence
31 Sysdig Runtime cloud and container security $1.8B–$2.4B Partial Confidence Revenue or ARR Multiple Estimate Estimated $730M Partial Confidence
32 Redis In-memory data and caching platform $1.8B–$2.2B Strong Confidence Revenue or ARR Multiple Estimate Estimated $356M Strong Confidence
33 Neo4j Enterprise graph database platform $1.8B–$2.2B Strong Confidence Revenue or ARR Multiple Estimate Estimated $551M Strong Confidence
34 Wasabi Technologies Low-cost cloud object storage $1.8B Full Confidence Announced Private Round Valuation Observed $429M Strong Confidence
35 Orca Security Agentless cloud security platform $1.5B–$2.0B Partial Confidence Revenue or ARR Multiple Estimate Estimated $632M Strong Confidence
36 SingleStore Real-time distributed SQL database $1.5B–$1.9B Strong Confidence Revenue or ARR Multiple Estimate Estimated $528M Strong Confidence
37 WEKA AI-native high-performance data platform $1.5B–$1.8B Strong Confidence Revenue or ARR Multiple Estimate Estimated $375M Strong Confidence
38 Coralogix AI-powered observability and log analytics $1.6B Full Confidence Announced Private Round Valuation Observed $550M Strong Confidence
39 TensorWave AMD-powered AI cloud $1.6B Full Confidence Announced Private Round Valuation Observed $493M Full Confidence
40 Tailscale Secure peer-to-peer business networking $1.4B–$1.7B Strong Confidence Announced Private Round Valuation Estimated $275M Full Confidence
41 Upwind Security Runtime-first cloud security platform $1.5B Full Confidence Announced Private Round Valuation Observed $430M Partial Confidence
42 Couchbase Distributed NoSQL database platform $1.5B Full Confidence Acquisition Value Observed $251M Strong Confidence
43 Render Developer application cloud platform $1.5B Full Confidence Announced Private Round Valuation Observed $257M Full Confidence
44 Nasuni Enterprise cloud file storage $1.2B–$1.5B Strong Confidence Revenue or ARR Multiple Estimate Estimated $219M Strong Confidence
45 CAST AI Automated cloud and Kubernetes optimization $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Observed $181M Partial Confidence
46 Qumulo Hybrid cloud file storage $1.0B–$1.4B Partial Confidence Revenue or ARR Multiple Estimate Estimated $346M Full Confidence
47 Netlify Web application deployment platform $900M–$1.4B Partial Confidence Revenue or ARR Multiple Estimate Estimated $202M Partial Confidence
48 Yugabyte Distributed cloud-native SQL database $900M–$1.3B Partial Confidence Revenue or ARR Multiple Estimate Estimated $291M Full Confidence
49 Imply Real-time Apache Druid analytics $900M–$1.2B Partial Confidence Comparables-Based Estimate Estimated $215M Full Confidence
50 Anyscale Distributed AI application platform $800M–$1.2B Partial Confidence Comparables-Based Estimate Estimated $260M Strong Confidence
51 Neon Serverless Postgres database platform $1.0B Full Confidence Acquisition Value Observed $131M Strong Confidence
52 RunPod AI developer GPU cloud $1.0B Full Confidence Announced Private Round Valuation Observed $122M Partial Confidence
53 MinIO S3-compatible object storage software $850M–$1.1B Partial Confidence Comparables-Based Estimate Estimated $126M Full Confidence
54 Aqua Security Cloud-native application security platform $800M–$1.1B Partial Confidence Revenue or ARR Multiple Estimate Estimated $325M Strong Confidence
55 DataStax Cassandra and AI data platform $750M–$1.1B Low Confidence Comparables-Based Estimate Estimated $305M Partial Confidence
56 Backblaze Cloud backup and object storage $918M Full Confidence Public Market Cap Observed $105M Full Confidence
57 Railway Developer-focused application cloud $700M–$1.1B Strong Confidence Implied Valuation from Raise Implied $124M Strong Confidence
58 Hammerspace AI data orchestration platform $500M–$800M Partial Confidence Announced Private Round Valuation Implied $157M Strong Confidence
59 Timescale PostgreSQL time-series database platform $550M–$800M Low Confidence Comparables-Based Estimate Estimated $181M Strong Confidence
60 Starburst Distributed data lakehouse analytics $550M–$750M Partial Confidence Revenue or ARR Multiple Estimate Estimated $414M Strong Confidence
61 Isovalent Cloud-native networking and security $650M Strong Confidence Acquisition Value Observed $69M Full Confidence
62 TigerGraph Enterprise graph analytics database $450M–$650M Partial Confidence Comparables-Based Estimate Estimated $172M Partial Confidence
63 MotherDuck Serverless DuckDB analytics platform $450M–$600M Strong Confidence Implied Valuation from Raise Implied $133M Strong Confidence
64 Arrcus Software-defined network operating systems $450M–$550M Partial Confidence Implied Valuation from Raise Implied $239M Partial Confidence
65 Spacelift Infrastructure orchestration and automation platform $340M–$500M Strong Confidence Implied Valuation from Raise Implied $74M Strong Confidence
66 Panzura Hybrid-cloud file data management $400M–$650M Low Confidence Comparables-Based Estimate Estimated $170M Partial Confidence
67 Replicate Hosted open-source AI models $400M–$550M Partial Confidence Acquisition Value Estimated $58M Strong Confidence
68 Alkira On-demand multi-cloud network infrastructure $475M Strong Confidence Acquisition Value Observed $184M Partial Confidence
69 Firebolt High-performance cloud data warehouse $350M–$500M Partial Confidence Revenue or ARR Multiple Estimate Estimated $269M Full Confidence
70 Aviatrix Secure multi-cloud networking software $400M–$650M Partial Confidence Comparables-Based Estimate Estimated $346M Strong Confidence
71 Fly.io Globally distributed application cloud $300M–$480M Partial Confidence Revenue or ARR Multiple Estimate Estimated $111M Strong Confidence
72 Materialize Streaming SQL database platform $300M–$450M Low Confidence Comparables-Based Estimate Estimated $100M Strong Confidence
73 ScyllaDB High-performance distributed NoSQL database $275M–$425M Partial Confidence Revenue or ARR Multiple Estimate Estimated $103M Partial Confidence
74 Aryaka Managed SD-WAN and SASE $350M–$500M Partial Confidence Revenue or ARR Multiple Estimate Estimated $175M Partial Confidence
75 Pulumi Infrastructure-as-code development platform $300M–$450M Low Confidence Revenue or ARR Multiple Estimate Estimated $99M Strong Confidence
76 Kentik Network observability and traffic analytics $250M–$350M Partial Confidence Revenue or ARR Multiple Estimate Estimated $78M Partial Confidence
77 Platform.sh Enterprise application platform service $190M–$300M Low Confidence Revenue or ARR Multiple Estimate Estimated $187M Strong Confidence
78 PlanetScale Serverless MySQL database platform $200M–$350M Low Confidence Comparables-Based Estimate Estimated $105M Full Confidence
79 InfluxData Cloud time-series database platform $200M–$325M Low Confidence Revenue or ARR Multiple Estimate Estimated $171M Strong Confidence
80 Komodor Kubernetes troubleshooting and reliability platform $180M–$300M Partial Confidence Comparables-Based Estimate Estimated $67M Strong Confidence
81 Prosimo Multi-cloud networking and cost management $180M–$250M Low Confidence Comparables-Based Estimate Estimated $55M Partial Confidence
82 Rockset Real-time search analytics database $150M–$250M Low Confidence Acquisition Value Estimated $99M Partial Confidence
83 Graphiant Network-as-a-service enterprise connectivity $150M–$220M Partial Confidence Implied Valuation from Raise Implied $115M Strong Confidence
84 Tigera Kubernetes networking and security $150M–$250M Low Confidence Revenue or ARR Multiple Estimate Estimated $65M Partial Confidence
85 Lucidity Automated cloud storage optimization $110M–$160M Partial Confidence Implied Valuation from Raise Implied $32M Partial Confidence
86 Lacework Cloud-native application security $150M Strong Confidence Acquisition Value Observed $1.9B Strong Confidence
87 Kubecost Kubernetes cost monitoring and optimization $100M–$180M Low Confidence Acquisition Value Estimated $31M Full Confidence
88 Northflank Developer workload deployment platform $85M–$135M Partial Confidence Implied Valuation from Raise Implied $22M Partial Confidence
89 env0 Infrastructure-as-code management platform $80M–$130M Partial Confidence Revenue or ARR Multiple Estimate Estimated $42M Full Confidence
90 NetFoundry Open-source zero-trust networking $60M–$90M Partial Confidence Implied Valuation from Raise Implied $15M+ Strong Confidence
91 Qovery Automated cloud application deployment $40M–$50M Strong Confidence Announced Private Round Valuation Observed $18M Strong Confidence
92 Koyeb Serverless application deployment platform $25M–$50M Low Confidence Acquisition Value Estimated $9M Full Confidence
93 Zeet Automated cloud infrastructure deployment $15M–$30M Low Confidence Proxy-Based Estimate Estimated $6M Full Confidence
94 Porter Deployment into customer-owned clouds $12M–$25M Low Confidence Proxy-Based Estimate Estimated $2M Full Confidence
95 Genesis Cloud GPU cloud computing platform $0M–$5M Low Confidence Proxy-Based Estimate Estimated $7M Low Confidence

Key valuation trends in the cloud infrastructure market

Insights

  • The top 10 cloud infrastructure companies represent about 63% of the combined valuation in this ranking, which shows how strongly market value is concentrated among AI compute, security and data leaders.
  • Nebius and CoreWeave are worth more than $100 billion combined. This makes GPU capacity and AI cloud infrastructure the largest value pool in the cloud infrastructure startup market.
  • VAST Data reached a $30 billion valuation after raising $1.4 billion. Its value-to-funding ratio exceeds 21 times, showing the capital efficiency available to software-led AI data platforms.
  • Vercel, Replit and Together AI are worth about $26.6 billion combined after raising less than $3 billion. Developer-facing AI platforms continue to receive strong valuation premiums.
  • ClickHouse and Supabase are worth about $25.5 billion combined. Both companies show that open-source cloud data platforms can create large outcomes without owning capital-intensive data centers.
  • Modal and Fireworks AI have a combined valuation of $8.7 billion after raising $772 million. Serverless AI compute and inference platforms are scaling with less capital than hyperscale capacity providers.
  • Coralogix, Cribl and Chronosphere are worth more than $9 billion combined. Observability has become a major cloud infrastructure category rather than a secondary feature within broader software platforms.
  • Lacework was acquired for about $150 million after raising $1.9 billion. The outcome highlights the downside of overfunding startups in crowded cloud security categories.
  • Nscale raised $3.7 billion to support physical AI infrastructure, while ClickHouse reached a slightly higher valuation after raising $1.1 billion. The comparison shows the divide between capital-heavy compute and software infrastructure.

A few word about our methodology

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

Estimating cloud infrastructure 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 infrastructure companies, or official acquisition prices.

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

If a cloud infrastructure company 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 comparable startups and other signals such as hiring growth, investor quality, product traction or customer adoption.

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 infrastructure 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 infrastructure 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 reflects 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.

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NEW MARKET PITCH TEAM

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