TripActions has been named to the Forbes 2021 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. TripActions is the only travel and spend management company to make the list.
This is the third year in a row that TripActions has been named to the list. It is clear that Forbes and the judges at Bessemer recognize the power of the mission-driven company and culture alongside its persistent innovation in the face of COVID-19 to deliver the most modern, comprehensive, and unified T&E management solution on the market.
“We’re both humbled and proud to see TripActions recognized as the only travel and spend management company on the Cloud 100 for the third straight year,” said Ariel Cohen, co-founder & CEO at TripActions. “As a mission-driven company, our focus is as strong as ever on delivering a corporate T&E management solution that combines the best online booking experience, best global TMC travel agent service, and best payments and expense technology to our corporate customers.”
As part of the rigorous selection process for the Forbes 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 around the world.
The evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).
"How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution," said Alex Kayyal, Managing Partner, Salesforce Ventures. “The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy. The companies on this list represent the leaders and businesses shaping the future of the cloud ecosystem and we are excited to partner with Bessemer Venture Partners and Forbes to honor these trailblazers of the industry.”
Unlike traditional corporate travel solutions, TripActions is the only cloud-based, end-to-end global travel & expense management solution that includes online booking, 24/7/365 expert travel agent service, and spend management in a single global platform. Through its modern technology, TripActions increases traveler satisfaction and adoption, drives safety and compliance, and makes T&E programs more efficient and cost-effective. Finance and HR leaders gain invaluable insights with real-time data and control over spend. More than 5,000 companies — including nearly 500 added since COVID-19 — recognize the mission-critical importance of working with a trusted T&E partner and choose TripActions.
The Forbes 2021 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the September 2021 issue of Forbes magazine. The Cloud 100 and the 20 Rising Stars companies are publicly recognized at this year’s virtual Cloud 100 experience, hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes on August 10th at thecloud100.com.