Qwak Named One of 20 Rising Stars in Forbes' Cloud 100

SAN FRANCISCO (August 8, 2023) – Qwak is named one of the 20 Rising Stars as part of the eighth annual Forbes 2023 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

The 20 Rising Stars represent young, high-growth and category-leading cloud companies who have raised up to $25 million to date and are poised to join the Cloud 100 ranks.

"We’re honored to be recognized as one of the 20 Rising Stars in the Forbes 2023 Cloud 100 list. At Qwak, we are committed to helping organizations deliver ML-driven solutions in a simple, fast, and scalable manner. I’m very excited about Forbes' acknowledgment, as it confirms the testament of our dedication to fully equip our customers with the tools they need to realize their business goals using AI and ML.”

- Alon Lev, CEO of Qwak.

“This year’s cohort of Rising Stars are building novel cloud businesses, and despite challenging macro headwinds, have demonstrated signals of growing market leadership,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “We’re excited to celebrate the impact these entrepreneurs are making and look forward to seeing these companies continue to gain momentum and join the ranks of companies that graduate to the Cloud 100.” 

“Our Cloud 100 Rising Stars represent an elite group of private companies that are quickly driving innovation forward and have the ability to become leaders in the cloud space,” said Paul Drews, managing partner, Salesforce Ventures. “We look forward to watching how these Rising Stars will change industries around the world and expect to see many of them on next year's Cloud 100 list.”

"Each year, hundreds of impressive startups demonstrate early momentum in cloud software. But there's only room for a select few on the Cloud 100 Rising Stars list, which selects the best and brightest emerging private companies in the sector," said Kenrick Cai, the Forbes editor of the Cloud 100. “Congratulations to each of the 2023 Rising Stars, and to list alumnus Komodo Health for graduating onto the main Cloud 100 list. We are excited to see who among this year's batch will make that same leap in the years to come."

The Forbes 2023 Cloud 100 and 20 Rising Stars lists are published online at forbes.com.

This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honored with a digital content launch, as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. A special thank you to the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, HSBC, J.P. Morgan, Morgan Stanley, Nasdaq, and Qatalyst Partners.

About Qwak

Qwak is a fully managed, accessible, and reliable ML Platform that contains everything you and your team need to build high-quality ML applications simply. The platform delivers a production focused approach that enables ML engineers and data science practitioners to deliver models into production faster than ever before.

Qwak facilitates the ability to build, train, deploy, monitor, and maintain machine learning and AI models in production easily and at scale. With Qwak customers automate machine learning pipelines and manage their entire feature lifecycle with Qwak feature store within a single platform.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio). 

About Forbes

Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 45 licensed local editions in 76 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.

About Salesforce Ventures

Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Anthropic, Cohere, Airtable, Databricks, DocuSign, Guild Education, monday.com, nCino, Snowflake, Snyk, Stripe,

Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the

world including in San Francisco, Irvine, New York, London, and Tokyo.