As businesses flock to cloud computing at an unprecedented rate, numerous cloud computing startups are also entering this competitive segment of the market.
Enterprise spending on public cloud computing will exceed traditional IT spending in large-scale infrastructure software, business process services, application software, and infrastructure markets by 2025, according to market research firm Gartner.
IDC predicts that worldwide end-user spending on public cloud services will grow from $411 billion in 2021 to $495 billion in 2022, a total increase of more than 20%. End-user spending on the public cloud is expected to approach $600 billion by 2023.
Numerous cloud startups are meeting their needs for integration capabilities, agile workflows, and composable architectures as enterprises move to the cloud and implement digital transformation and modernization projects. The continued disruption of the IT market by cloud computing will not slow down, as enterprises and startups continue to introduce new technologies such as distributed cloud.
Sid Nag, research vice president at Gartner, said in a statement: “The cloud is the driving force behind today’s digital organizations, and CIOs have moved beyond the irrational exuberance of procuring cloud services, and they have become thoughtful when choosing a public cloud provider. , drive specific and desired business and technology outcomes in their digital transformation journey.”
Cloud startups are launching a range of solutions designed to help customers transition to the cloud in an easier, more cost-effective, and the simpler way by leveraging technologies such as artificial intelligence (AI) and machine learning (ML).
The list below includes various IT startups specializing in data analysis, monitoring and management, storage, and software-as-a-service (SaaS).
According to Gartner, the transition of enterprises to the cloud will generate more than $1.3 trillion in IT spending, which will further expand to $1.8 trillion by 2025, and these cloud startups are taking advantage of the opportunities presented by this trend.
Let’s take a look at these 10 cloud computing startups that will be in the spotlight in 2022.
CEO: Barry Padgett
Headquarters: Seattle, USA
Amperity provides an enterprise data platform designed to transform siloed customer data into a customer experience in the cloud.
Amperity says its Customer Data Platform leverages AI to provide comprehensive, actionable insights that revolutionize the way organizations discover, understand, and connect with customers.
Amperity recently launched the Amperity Profile Accelerator, a marketing cloud built to help businesses achieve great results with a more complete and easier-to-use dataset.
Amperity also recently entered into a strategic partnership agreement with AWS to support digital transformation for businesses looking to adopt a first-party data strategy, while also enabling Amperity to provide cloud-based, customer-centric tools and AI-driven insight.
CEO: Liran Hason
Headquarters: Tel Aviv, Israel
Aporia is a full-stack, customizable machine learning cloud-native observability platform that enables data science and machine learning teams to monitor, debug, and improve their machine learning models and data.
Aporia enables businesses to create their own custom monitoring solutions in minutes to gain a comprehensive view of how models are performing in real-world environments. Data scientists can create customizable monitors to detect a variety of issues, including biased predictions, unexpected changes in the format of input data, or declines in model performance over time.
Aporia, which raised $25 million in a Series A round in March, plans to use the funds to triple its workforce and expand its presence in the U.S. market.
CEO: Joshua Noble
Headquarters: Boston, USA
Filebase claims to provide the world’s first object storage platform powered by multiple decentralized storage networks.
Filebase is a secondary decentralized storage specialist dedicated to getting data into Web3 without introducing complexity. Filebase provides geographically redundant object storage, built on a decentralized web, enabling businesses and developers to leverage the value of Web3.
Firebase’s object storage platform enables customers to store data across multiple decentralized storage networks in a secure, redundant, and high-performance manner. Key uses include backing up client configurations, CLI tools, content delivery networks, and file management. Configuration and NAS device configuration.
CEO: Fangjin Yang
Headquarters: Burlingame, California, USA
Founded by the founders of Apache Druid, Imply has developed an innovative cloud database built specifically for modern analytics applications.
Developers can use Imply to develop without limitations because Imply’s database allows them to create interactive data experiences on an unlimited scale of streaming and batch data.
Imply recently launched Polaris, a cloud database service for analytics applications designed to simplify the end-to-end developer experience while driving automation. This new solution allows developers to build analytics applications without thinking about the underlying infrastructure.
Imply raised $100 million in a May round led by Thoma Bravo, and the fast-growing startup has clients including Salesforce, Reddit, and Intercontinental Exchange.
CEO: Dnutry Petrov
Headquarters: San Francisco, USA
Iterative is committed to enabling data teams to build models faster and collaborate better using cloud-native machine learning tools.
Iterative develops mainstream open source tools such as DVC and CML, as well as enterprise products such as Studio, for managing and manipulating machine learning models, datasets, and experiments. Iterative’s integrated cloud providers include AWS, Azure, and Google Cloud.
Iterative takes a developer-first approach to MLOps, providing model repeatability, governance, and automation across the machine learning lifecycle, all tightly integrated with software development workflows.
Iterative’s investors include True Ventures, Afore Capital, and 468 Capital.
6. Kong Inc.
CEO: Augusto Marietti
Headquarters: San Francisco, USA
Kong develops software and managed services that use intelligent automation to natively connect APIs and microservices across clouds, Kubernetes, data centers, or within them.
Kong’s popular products include API Gateway, Kuma-based enterprise service mesh, Konnect Cloud platform for end-to-end connectivity.
Kong’s Service Connectivity Platform is built on an open source core, enabling enterprise organizations to reliably and securely manage the entire lifecycle of modern architecture APIs and services, including microservices, serverless, and service meshes.
Kong accelerates innovation cycles, increases productivity, and seamlessly connects legacy and modern systems and applications by providing architectural freedom for developer teams.
Currently Kong is expanding its business in the UK and Europe.
CEO: Balaji Ganesan
Headquarters: Fremont, California, USA
Privacera provides a software-as-a-service based data security and governance platform that enables analytics teams to access data without compromising compliance with local regulations.
Founded by the founders of Apache Ranger, Privacera provides a platform for protecting sensitive data in multiple cloud services including AWS, Azure, Databricks, Google Cloud Platform and Snowflake.
Privacera’s platform is used by Fortune 500 enterprise customers across industries to automate the discovery of sensitive data and easily manage petabyte-scale data policies in cloud and on-premises environments.
Privacera released Privacera Cloud version 4.3 and Privacera Platform 6.3 in May, providing complete data governance automation and expanded support in the cloud partner ecosystem.
CEO: Idit Levine
Headquarters: Cambridge, Massachusetts, USA
Solo.io provides API infrastructure from edge to service mesh, helping enterprises adopt, secure and operate innovative cloud-native technologies.
The application networking startup’s APIs drive microservices and cloud-native technologies, laying the foundation for developers, partners and customers to interact with application services quickly and efficiently.
Solo.io provides developer tools and operational tools to manage and federate security and flow control, and to connect integration points together to observe application networks.
In May of this year, Solo.io announced to integrate the Cilium open source container network solution into its own Gloo Mesh platform, providing a complete set of application network solutions to help enterprises carry out cloud-native digital transformation.
CEO: Varun Talwar
Headquarters: Milpitas, California, USA
Tetrate is a service mesh startup that helps customers manage the complexities of hybrid cloud application infrastructure.
Tetrate’s flagship product, Tetrate Service Bridge, provides an edge-to-workload application connectivity platform, providing business continuity, agility and security for enterprises as they transition from traditional environments to the cloud. Customers get consistent and built-in observability, runtime security and traffic management in any environment.
Additionally, Tetrate Cloud is a fully managed, Istio-based service mesh platform that provides security, connectivity, and high availability in a single pane of glass.
In April, former VMware executive Sanjay Poonen started as a strategic advisor to Tetrate.
10. Wasabi Technologies
CEO: David Friend
Headquarters: Boston, USA
Wasabi Technologies entered the cloud space in 2017 with the aim of making cloud data storage more affordable, secure and simpler.
Wasabi now serves customers in more than 100 countries around the world, storing everything from backups, disaster and ransomware recovery to video surveillance, sports data, media and entertainment files. Wasabi claims to give organizations the ability to store and instantly access unlimited amounts of data at 1/5 the price of competitors, without additional layers of complexity or unpredictable fees.
Wasabi, founded by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, has raised nearly $275 million in funding so far.
Wasabi is currently expanding its presence in the Asia-Pacific market, including the opening of a new storage area in Singapore this month.