Claroty, a security company providing cyber-physical systems (CPS) across healthcare environments, has been named to the Forbes 2022 Cloud 100, a ranking of the top 100 private cloud companies in the world.

“We’re honored to receive such prestigious recognition as one of the world’s top private cloud companies,” says Yaniv Vardi, CEO of Claroty. “Organizations are increasingly reliant upon the power of SaaS to keep up with the rapid proliferation of CPS across the Extended Internet of Things (XIoT) – from industrial assets such as PLCs and HMIs, to medical devices such as MRI machines, to building management systems. Our new release of Claroty xDome is specially designed to address this need, empowering organizations to both modernize and protect the critical systems that sustain our lives.”

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.

Claroty xDome is a new cloud-based cybersecurity platform that drives cyber and operational resilience for modern industrial enterprises. It delivers the ease and scalability of SaaS without compromising on the breadth or depth of the visibility, protection, and monitoring controls that are integral to the entire CPS security journey. A result of Claroty acquiring Medigate in January 2022, xDome combines the two companies’ deep domain expertise and specialized technologies for industrial and healthcare environments into a single platform.

“The companies of the Cloud 100 list represent the best and brightest private companies in this fast-growing sector,” says Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2022 Cloud 100 honorees.”

This list is published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

“The public markets may be in turmoil, but the private valuations of the Cloud 100 continue to rise. All of the 2022 Cloud 100 honorees, again, have reached the $1 billion valuation milestone, and the average Cloud 100 valuation has skyrocketed to $7.4 billion,” says Mary D’Onofrio, partner at Bessemer Venture Partners. “Despite the market correction in 2022, our confidence in the cloud economy continues to grow—today over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs. An additional 10% of the list is expected to hit this milestone by the end of the year, furthering our conviction that this years’ honorees truly represent the best cloud companies globally.”

The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online.

“Great companies are born out of all environments, and it’s exciting to see the continued momentum in the cloud sector,” says Alex Kayyal, managing partner, Salesforce Ventures. “The companies on this list have gone through a rigorous selection process, and join an esteemed alumni list of Cloud 100 companies. As the need for digital transformation continues to drive innovation and efficiencies across industries, we can look to these companies as the absolute best in cloud computing.”