Report · 30 min read

The Cloud 100 Benchmarks Report 2025

Byron Deeter, Elliott Robinson, Sameer Dholakia and the Bessemer Atlas team · Bessemer Venture Partners Free Advanced

The annual dataset on the hundred best private cloud companies, including growth rates, multiples, and how long it now takes to reach a hundred million dollars ARR. This is the definition of best in class, with numbers attached.

  • The 2025 Cloud 100 averaged 75 percent year-over-year revenue growth and an 11.2 billion dollar valuation.
  • The average honoree took 7.5 years to reach 100M ARR; AI companies got there in 5.7.
  • Average multiple is 20x ARR, down from 23x, with AI companies at 24x against 19x for non-AI peers.
  • Public cloud comparables sit near 8x ARR, down 41 percent from the 2021 peak.
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It answers 2 questions

  1. What does a genuinely best in class GTM data model look like, not just a tidy CRM?
  2. Do the classic SaaS metrics still work if we are an AI native company?

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