Leading enterprise AI company earns 36th spot on Forbes Cloud 100
BOSTON – September 16, 2020 – DataRobot, the leader in enterprise AI, today announced it has been named to the Forbes 2020 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world. Now in its fifth year, the list is published annually by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. DataRobot earned the 36th spot on this year’s list, marking its first time as a Cloud 100 honoree.
“AI has become an enterprise imperative, particularly in the wake of the global COVID-19 pandemic, which has forced so many organizations to accelerate their digital transformations with machine learning,” said Dan Wright, President and Chief Operating Officer, DataRobot. “Our inclusion on this year’s Forbes Cloud 100 list illustrates the growing demand for solutions that truly automate the end-to-end AI lifecycle, making it easier than ever for organizations to rapidly obtain ROI from their AI investments. We are honored to be recognized by Forbes for doing just that.”
As part of the rigorous selection process for the Forbes 2020 Cloud 100, Bessemer Venture Partners received submissions from hundreds of cloud startups. The Cloud 100 Judging Panel, made up of public cloud company CEOs, reviewed the data to select, score, and rank the top 100 private cloud companies from all over the world. The evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).
DataRobot’s appeal to novice and expert users make it the preferred AI platform for hundreds of customers, including a third of the Fortune 50—all of whom have collectively built more than two billion models on the company’s cloud platform. DataRobot’s enterprise AI platform is relied on by the world’s largest enterprises to automate every aspect of AI from data to value, including data preparation, feature engineering, model creation, deployment, and management. With DataRobot, organizations can more effectively and efficiently apply AI to solve complex business challenges, ultimately accelerating their time to value. In fact, a recent Forrester Consulting Total Economic Impact™ study commissioned by DataRobot revealed that organizations using DataRobot’s AI platform achieve a net present value (NPV) of $4 million and a 514% return on investment (ROI).
This recognition closely follows DataRobot being recognized as one of the most promising AI companies by Forbes for the second year in a row. Published annually, the Forbes AI 50 list recognizes the top private, U.S.-based companies that are using AI in meaningful, business-oriented ways.
“For five years now, we have ranked the best and brightest emerging companies in the cloud sector,” said Alex Konrad, Forbes editor of The Cloud 100. “With so many businesses growing fast in the cloud, from data infrastructure to marketing, it’s harder than ever to make the Cloud 100 list—but with more elite company if you do. Congratulations to each of the 2020 Cloud 100 honorees and the 20 Rising Stars honorees poised to join their ranks!”
The Forbes 2020 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2020 issue of Forbes magazine.
DataRobot is the leader in enterprise AI, delivering trusted AI technology and enablement services to global enterprises competing in today’s Intelligence Revolution. DataRobot’s enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company’s proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization – regardless of size, industry, or resources – to drive better business outcomes with AI.
With a singular focus on AI since its inception, DataRobot has a proven track record of delivering AI with ROI. DataRobot has offices across the globe and $431 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ Growth. For more information, visit www.datarobot.com, and join the conversation on the DataRobot Community, Twitter and LinkedIn.