SAN FRANCISCO--(BUSINESS WIRE)--Basis Theory is named one of the 20 Rising Stars as part of the seventh-annual Forbes 2022 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.
"It's an honor to be recognized by Forbes for our efforts to help companies protect their sensitive data, and keep it from being a bottleneck to building innovative new products and forming beneficial business partnerships," said Colin Luce, co-founder and CEO at Basis Theory. "This milestone is a testament to our momentum, and the power of Basis Theory's tokenization platform to support the changing security and compliance landscape with creative solutions."
“The Rising Stars of today are the Cloud 100 companies of tomorrow,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “We believe cloud entrepreneurs all over the world can build novel and enduring businesses, despite market conditions or challenging headwinds. The 2022 Rising Stars are no different as they cultivate amazing teams, gain momentum, and go on to ramp toward Centaur status. Being named a Rising Star is an opportunity for the cloud community to celebrate the impact these entrepreneurs are making and the bright futures ahead of them.”
“The Rising Stars have the potential to become top private cloud companies,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “We're thrilled at the level of innovation happening across early stage companies in the cloud ecosystem globally, and we look forward to watching these companies grow.”
“The companies of the Cloud 100's Rising Stars list represent the best and brightest emerging private companies in the cloud sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2022 Rising Stars. We look forward to seeing them join Canva, Miro and others in making the leap to the Cloud 100 list in years to come.”
The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2022 issue of Forbes magazine.
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 our event sponsors Amazon Web Services (AWS), Bank of America, Cooley, Fuel a McKinsey Company, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nasdaq, and Silicon Valley Bank.
Basis Theory
Basis Theory puts great data security within reach of all businesses so that privacy and compliance never inhibit creating value for customers. Basis Theory’s tokenization platform provides a simple API, native tools, and granular controls that secure sensitive data—like credit card data and PII—to unlock new products, insights, and partnerships. Customers use Basis Theory’s compliant infrastructure and expertise to meet or exceed compliance requirements, like PCI, GDPR, and HIPAA, without taking on the burdens of securing it themselves. Basis Theory is building from first-hand experience at Twilio, Klarna, and Dwolla and has raised over $17 million from top-tier investors, including Bessemer Venture Partners and Kindred Ventures. For more information, visit http://www.basistheory.com.
Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 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 includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has $19 billion of regulatory assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing 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).
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 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.
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 Airtable, Databricks, DocuSign, Guild Education, Hopin, 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 unfair 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, Tokyo, and Sydney. Follow @SalesforceVC and learn more at http://www.salesforceventures.com.
