January 27, 2023, 10:00 AM EST
These 10 innovative cloud computing startups have a bright future in 2023 by helping customers cut cloud costs, better leverage cloud data, and simplify multi-cloud environments.
As more businesses of all shapes and sizes double down on cloud computing in 2023, there are 10 red-hot cloud startups waiting to deliver a slew of innovation and solutions in a market expected to witness massive growth again this year.
These cloud startups have the capabilities to cut cloud costs in half, provide next-level data insights, deliver autonomous cloud networking, and help customers manage multi-cloud environments with ease.
Cloud startup companies will be in high demand this year as 2023 looks to be another high-growth year for cloud computing regardless of any inflation or macroeconomic issues.
“Cloud computing will continue to be a bastion of safety and innovation, supporting growth during uncertain times due to its agile, elastic and scalable nature,” said Sid Nag, vice president and analyst at Gartner in a recent statement. “Cloud migration is not stopping [in 2023].”
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Public cloud sales alone are expected to reach an all-time high of $544 billion in 2023 on a worldwide basis, representing an annual growth rate of 21 percent.
Many of the innovative and fast-growing cloud startups in the market today are focused on cutting cloud costs via automation and cost optimization solutions, while others are leveraging artificial intelligence (AI) and machine learning (ML) to secure and provide business outcomes around cloud data.
“Cloud is the powerhouse that drives today’s digital organizations,” said Nag.
Hot cloud startups in 2023 include the likes of Chronosphere, Yotascale, Aviatrix Systems and Cloudbrink, many of which have raised millions in funding from investors as well as some that are planning an IPO this year. These cloud computing startups are also doubling down or forming new partnerships with the largest cloud companies in the world like Amazon Web Services, Google Cloud and Microsoft.
CRN breaks down the 10 hottest cloud computing startups that customers, investors and channel partners need to watch in 2023.