The New Generation Of Cloud Computing Companies

While a great deal of IT hardware and software remains installed in on-premises data centers, businesses are running more of their applications and storing more of their data in cloud-based systems.

Worldwide end-user spending on public cloud services alone is expected to reach $597.3 billion this year, according to market research firm Gartner, up 21.7 percent from $491 billion in 2022. IDC, meanwhile, predicted spending for public cloud services will reach $1.35 trillion in 2027.

Increasingly dispersed hybrid-cloud and multi-cloud networks can be challenging to manage, however. Applications need to be connected and integrated. Data needed for operational and analytical tasks may be dispersed across multiple silos. Just keeping track of what cloud services an organization is using—and paying for—can be a significant problem.

To help with these challenges, a new generation of startups is building leading-edge products for deploying, connecting and managing cloud infrastructure systems and applications and keeping cloud computing costs in check. As part of CRN’s Stellar Startups for 2023 here’s a look at six startups founded in 2017 or later, that solution providers should know.