Cloud News
Mark Haranas
From CoreWeave and Cast AI to Pulumi and Wiz, CRN breaks down the 10 hottest cloud computing startups of 2023 that are disrupting the market.
Cloud computing startup companies are on fire in 2023 as artificial intelligence accelerates cloud adoption and customer demand.
Cloud startups like CoreWeave and Wiz witnessed their company valuations explode into the billions this year, while others such as Pulumi and Cast AI raised hundreds of millions of dollars in funding.
The hottest cloud startups in 2023 focus on cutting cloud computing costs via optimization and automation, driving new AI and machine learning use cases, helping businesses sell via cloud marketplaces, and so much more. Some of these startups formed new or enhanced relationships with cloud titans Amazon Web Services (AWS), Google Cloud and Microsoft, while others launched offerings to compete directly against public cloud providers.
CRN breaks down the 10 coolest cloud computing startups that every investor, solution provider and cloud customer should know about.
[Related: Microsoft, AWS, Google Cloud Market Share Q3 2023 Results]
Cloud Services Market Hits $68 Billion In Q3 2023
Worldwide enterprise spending on cloud infrastructure services—which many of the cloud startups on CRN’s list provide—reached a record $68 billion in third-quarter 2023.
This represented global growth of $10.5 billion year over year as generative AI demands and services continue to thwart any economic disruption.
“For the last three quarters the market grew by around $10 billion compared with 2022. In Q3 that incremental annual growth nudged up to $10.5 billion. Take a bow, AI,” said John Dinsdale, chief analyst and managing director at Synergy Research Group. “As an already massive cloud market keeps on growing, the year-on-year growth rate almost inevitably declines. But we are now starting to see a stabilization of growth rates, as cloud provider investments in generative AI technology help to further boost enterprise spending on cloud services. It is still early days for generative AI, but the technology will help to keep cloud growth buoyant over the coming years.”
The growing need for new cloud platforms, AI-powered cloud offerings, cybersecurity, public cloud management and services is being met head-on by these innovative startups. Click through for an in-depth look at the 10 coolest cloud computing startups of 2023:
*Aviatrix Systems
*Cast AI
*CoreWeave
*Impossible Cloud
*LucidLink
*Tackle.io
*Pulumi
*Privacera
*Wiz
*Yotascale
