As companies expand their reliance on cloud, startups are helping them juggle the individual requirements and benefits of multiple cloud services providers.
As organizations rely more on cloud services, they’re starting to adopt multiple cloud providers. This allows them to leverage the best that each platform has to offer, while also improving efficiency and reducing costs.
In line with this trend, the cloud computing services industry is expected to reach $513B by 2022, according to CB Insights Market Sizing tool.
With the growing adoption of these multi-cloud strategies, startups providing security, data integration, automation, monitoring, and container-based software remain a focus for institutional investors.
Using CB Insights data, we identified 97 private companies working to improve the multi-cloud ecosystem. Each of these companies has raised disclosed equity funding in the past 24 months (since 6/26/16).
We’ve categorized each startup into one of 6 main categories: security & governance, containers & microservices, orchestration & automation, integration & migration, logging & monitoring, and cost management.
We define the multi-cloud ecosystem broadly to include software companies simplifying the relationship between various cloud providers or improving the management of individual resources from multiple providers.
This market map is not meant to be exhaustive of all companies in the space. Categories are not mutually exclusive. Clients with expert collections can download and edit the Market Map using our Collections tool here.
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