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The 10 Hottest Cloud Startups Of 2019 (So Far)

The 10 coolest cloud startups of 2019 so far include companies focused on open-source and enterprise software to a data analytics firm about to be acquired by Google for over $2 billion.

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Slack Technologies

CEO: Stewart Butterfield

San Francisco-based Slack Technologies had one of the most successful tech company debuts in public trading this year. The cloud-based workplace messaging company, whose software allows customers’ employees to chat and collaborate on projects, decided to forego an initial public offering in favor of a direct listing and wound up with a $19.5 billion market cap after its first day of trading on the New York Stock Exchange last month.

The emerging growth company has free and paid subscription plans. As of April 30, it had 645 paid customers that accounted for about 43 percent of its revenue in the prior three months. It had more than 95,000-plus paid customers and more than 10 million active daily users. Slack reported $400.6 million in revenue in fiscal year 2019, an increase of 82 percent, but its $138.9 million loss leaves profitability elusive for now.

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