dbt Labs Is Named to the 2025 Forbes Cloud 100

SAN FRANCISCO (September 3, 2025) – dbt Labs, the leader in standards for AI-ready structured data, has been named to the Forbes 2025 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners.

As AI completely changes the way organizations interact with data, dbt Labs is driving the next phase of innovation in the market. In May, the company unveiled the dbt Fusion engine, a complete rewrite of the foundational technology that powers dbt. It introduces robust SQL comprehension into the platform, enables faster analytics delivery, drives down cloud costs, and allows organizations to scale analytics. With this massive upgrade, dbt provides the context around an organization’s structured data that is critical to successful AI initiatives.

This focus sparked significant momentum this year, as dbt Labs surged past $100M ARR and acquired SDF Labs. Globally, more than 80,000 teams rely on dbt to power their data work, including those at Siemens, Roche, Bilt Rewards and Condé Nast.

“The future of the data ecosystem is being written today, and the main drivers of that future are open standards and AI. dbt accelerates both, and inclusion on this year’s Forbes Cloud 100 is another signal that the market recognizes our trajectory and potential,” said Tristan Handy, founder and CEO, dbt Labs.

For the tenth consecutive year, 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.

“For the last decade, the Forbes Cloud 100 list has recognized the most innovative private cloud companies in the world, and this year’s standouts are among the most impressive we’ve ever seen,” said Richard Nieva, the Forbes editor of the Cloud 100. “Our honorees highlight the massive sea change that AI has brought to the enterprise, with sky-high growth and valuations.”

“As we mark the 10th year of the Cloud 100 with our 2025 rankings, we celebrate a highly competitive cohort of companies that, for the first time, collectively exceed $1 trillion in value,” said Elliott Robinson, partner at Bessemer Venture Partners. “The cloud is in a period of rapid, AI-driven transformation, with this year’s cohort demonstrating how AI is fundamentally reshaping how the best cloud companies grow, scale, and compete.”

dbt Labs will host its annual Coalesce event October 13-16 in Las Vegas and online, bringing together thousands of data leaders and practitioners to discuss the future of data, analytics and AI. Ashley Kramer, Head of Revenue at OpenAI, will deliver a featured keynote as part of this year’s agenda. To learn more and register for the event, visit coalesce.getdbt.com.

The Forbes 2025 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2025 issue of Forbes magazine.

About dbt Labs

Since 2016, dbt Labs has been on a mission to help data practitioners create and disseminate organizational knowledge. dbt is the standard for AI-ready structured data. Powered by the dbt Fusion engine, it unlocks the performance, context, and trust that organizations need to scale analytics in the era of AI. Globally, more than 80,000 data teams use dbt, including those at Siemens, Roche and Condé Nast.

Learn more at getdbt.com, and follow dbt Labs on LinkedIn, X, Instagram, and YouTube.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 150 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their earliest days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, Toast and ServiceTitan, and has $19 billion of assets under management. Bessemer has investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

About Forbes

Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 43 licensed local editions in 69 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.