Clio is named to the 2024 Forbes Cloud 100 List

• Clio has been named to Forbes’ 2024 Cloud 100 list for the first time
• This recognition follows Clio’s historic Series F funding announcement of $900 million at a $3 billion valuation, establishing it as the most valuable cloud-based legal tech company in the world

Clio, the global leader in legal technology, is proud to announce its inclusion in the Forbes 2024 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. This recognition comes on the heels of Clio’s historic Series F funding announcement, marking a significant milestone in the company’s growth and expansion. 

“Clio’s inclusion in the Cloud 100 list is a tremendous honour and a testament to our team’s dedication to transforming the legal experience for all,” said Jack Newton, CEO and Founder of Clio. “Since 2008, we have been at the frontier of a transforming legal sector, pioneering innovations that empower legal professionals to grow their firms efficiently while delivering exceptional client service. This recognition underscores our ongoing commitment to advancing legal technology and shaping the future of the industry. We are immensely proud to join this class of exceptional cloud based companies.”

For the ninth consecutive year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.

“Across nine years of data, we have yet to see as competitive of a cohort as the 2024 Cloud 100. The list value reached $820 billion this year, the highest list value in Cloud 100 history,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Unsurprisingly, AI is now the highest valued category. We continue to be excited by how AI companies are scaling rapidly, transforming the cloud, and propelling the next wave of growth, driving a massive year-over-year jump in market cap of the list of over $150 billion.

“The past year, our industry has seen a generational step forward in innovation, and with AI leading the charge, we are witnessing one of the most important platform shifts in decades,” said Paul Drews, managing partner at Salesforce Ventures. “The Cloud 100 list represents the best of the best, and we’ve never been more excited about what the future holds, not only for the cloud but for the entire technology industry. We are proud of what these founders and their communities have already accomplished, and look forward to seeing how they continue to transform the industry in the future.”

Clio is a comprehensive, cloud-based platform designed to centralise and streamline all aspects of law firm management. It encompasses a wide range of functionalities, including client intake, case management, document management, making it an indispensable tool for modern legal practices. As the world’s largest legal technology platform, Clio boasts many seamless integrations with various legal software solutions and holds endorsements from more than 100 law societies and bar associations worldwide, including Clio’s recent strategic alliance with the Law Society of NSW. 

In addition to its industry-leading platform, Clio has also garnered attention for its award-winning workplace culture and exceptional management of more than 1,100 employees across 5 global hub locations. Consistently awarded a top employer, Clio stands out for its unwavering commitment to employee wellbeing, with a focus on supporting the diverse needs of its workforce, promoting mental wellness, and championing a human and high performing workplace. 

The Forbes 2024 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2024 issue of Forbes magazine.

This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honoured 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 the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Nasdaq.