Palo Alto (July 11, 2017) – Automile is named one of the 20 Rising Stars as part of the Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners.
The 20 Rising Stars represents young, high-growth, and category-leading cloud companies who have raised less than $25 million to date and are poised to join the Cloud 100 ranks. Automile will be celebrated tonight in San Francisco at The Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture Partners, Forbes and Salesforce Ventures. The celebration will be attended by the CEOs of the public cloud companies and the CEOs named on The Cloud 100 and The 20 Rising Stars lists.
“Vehicle and asset tracking is an important and challenging issue for field service businesses. I love that we are able to solve such a critical problem and help these businesses with a thoughtful and top-notch telematics cloud solution. We are going after a $30B market. Looking at the hyper-growth that we are experiencing and the green field opportunity we have, I am very confident we will continue on this trajectory. It’s an honor to be recognized by Bessemer Venture Partners, Forbes and Salesforce Ventures as one of 20 Rising Stars in the cloud industry,” said Jens Nylander, Founder and CEO of Automile.
“This year’s 20 Rising Stars show there is an exciting future ahead for cloud computing and the trillion-dollar software industry,” said Byron Deeter, partner at Bessemer Venture Partners. “The Forbes 2017 Cloud 100 list represents more than $100B in private enterprise value, and we’re betting these 20 Rising Stars will soon bump that number even higher. Each of these private cloud companies is transforming the way we do business and deserves to be recognized for their hard work.”
“The 20 Rising Stars list includes companies that are disrupting the cloud industry,” said John Somorjai, EVP Salesforce Ventures and Corporate Development. “We see great hope for these companies in the future on the top 100 list and are excited to watch them as they revolutionize every industry around the world.”
The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.
Automile offers a smart device that can be simply plugged into a vehicle to start managing it in seconds using its innovative mobile and web apps. It is used by businesses of all sizes across the United States and Europe to optimize fleet performance, gain greater visibility into their drivers and vehicles and ultimately improve the bottom line. With an innovative API and extensive partner program, Automile is committed to collaborating with businesses to ensure the best product possible for its customers. Headquartered in Palo Alto, California, with offices in Sweden and Norway, Automile continues to leverage SaaS and IoT technology to disrupt the traditional approach to fleet management.