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Cloud, data & developer tools
Global segment ranking · Cloud, data & developer tools › Cloud

The world’s most valuable hosting startups

Edition 0 (beta)·Published 3 Oct 2026·Next scheduled update 6 Jan 2027

Developer clouds and application platforms (PaaS), and cloud and web hosting providers. Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Twice a year Claude · multi-AI consensus in a future edition· Method· Order never changed by a human

Declare an interest in Hosting

Key metrics for this segment: revenue / arr, customers / developers. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. GPU and AI clouds (CoreWeave, Lambda, Crusoe, Nebius) belong to Compute & inference; CDN and edge networks (Cloudflare, Fastly, Gcore) to Edge & CDN; databases (Supabase, Neon) to Data. Hosts that never raised a funding round from outside investors are not ranked: Hostinger, Hetzner, SiteGround, Kinsta, Leaseweb, and Contabo (KKR) and Liquid Web (Madison Dearborn), bought by private equity without a funding round. Not eligible because created or entirely owned by a group: Newfold Digital (Bluehost, HostGator), Scaleway (Iliad), Heroku (Salesforce), Exoscale (A1). Under review: WP Engine, controlled by Silver Lake since 2018; Uback has not confirmed that outside minority shareholders remain. Acquired companies are no longer ranked: Koyeb (Mistral AI, 2026), Latitude.sh (Megaport, 2025), Fermyon (Akamai, 2025), Cloudways (DigitalOcean), Linode (Akamai). A company appears in one segment only. Method

The segment at a glance
13companies ranked
14companies on the radar
4countries in the ranking
8listed benchmarks
Sources: Bloomberg, BusinessWire, SiliconANGLE, TechCrunch, DataCenterDynamics, FinSMEs, Tech.eu, EU-Startups, Contrary Research, company announcements. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: North America · Europe.

Global ranking · Hosting

First edition: no movements yet.

World · 13 ranked companies

#CompanyLast round · Key metricsEstimated valuation (AI) · rangeConfidence
1 VercelUnited States · North AmericaSources: 1 · 2 · 3 Series F · USD 300M · Sep 2025Revenue / ARR USD 340M (Feb 2026) · v0: 3.5M+ users; user base doubled year on year (Sep 2025) Last known equity round: Series F · USD 300M · Sep 2025 (Accel, GIC)
Published valuation: USD 9.3bn (Sep 2025)
Confidence index: High
Method
Solid sources
2 VultrUnited States · North AmericaSources: 1 · 2 · 3 Growth equity · USD 333M · Dec 2024Revenue / ARR: n/d · 32 cloud regions · 2024 Last known equity round: Growth equity · USD 333M · Dec 2024 (LuminArx Capital Management, AMD Ventures)
Published valuation: USD 3.5bn (Dec 2024)
Confidence index: High
Method
Solid sources
3 RenderUnited States · North AmericaSources: 1 · 2 Series C extension · USD 100M · Feb 2026Revenue / ARR: n/d · thousands of organisations incl. Twilio, Shopify, Tripadvisor · Feb 2026 Last known equity round: Series C extension · USD 100M · Feb 2026 (Georgian; Addition, Bessemer, General Catalyst)
Published valuation: USD 1.5bn (Feb 2026)
Confidence index: High
Method
Solid sources
4 UpsunFrance · EuropeSources: 1 Series D · USD 140M · Jun 2022Revenue / ARR above USD 40M · Customers / developers: n/d · Jun 2022 Last known equity round: Series D · USD 140M · Jun 2022 (Digital+ Partners, Morgan Stanley Expansion Capital, Revaia)
No confirmed published valuation
Confidence index: Low
Method
Weak sources
5 NetlifyUnited States · North AmericaSources: 1 · 2 · 3 Series D · USD 105M · Nov 2021Revenue / ARR: n/d · 10M developers · Dec 2025 Last known equity round: Series D · USD 105M · Nov 2021 (Bessemer Venture Partners)
Published valuation: USD 1.9bn (Nov 2021)
Confidence index: Medium
Method
Partial sources
6 RailwayUnited States · North AmericaSources: 1 · 2 Series B · USD 100M · Jan 2026Revenue / ARR: n/d · 2M+ developers; tens of thousands of companies · Jan 2026 Last known equity round: Series B · USD 100M · Jan 2026 (TQ Ventures; FPV Ventures, Redpoint)
No confirmed published valuation
Confidence index: High
Method
Solid sources
7 LaravelUnited States · North AmericaSources: 1 · 2 Series A · USD 57M · Sep 2024Key metrics not disclosed Last known equity round: Series A · USD 57M · Sep 2024 (Accel)
No confirmed published valuation
Confidence index: Medium
Method
Partial sources
8 Fly.ioUnited States · North AmericaSources: 1 · 2 Series D · USD 25M · Jul 2026Revenue / ARR: n/d · 37,000+ customers · Jul 2026 Last known equity round: Series D · USD 25M · Jul 2026 (Dell Technologies Capital, Intel Capital)
No confirmed published valuation
Confidence index: Low
Method
Weak sources
9 NorthflankUnited Kingdom · EuropeSources: 1 · 2 Seed and Series A · USD 22.3M · Nov 2024Revenue / ARR: n/d · tens of thousands of developers · Nov 2024 Last known equity round: Seed and Series A · USD 22.3M · Nov 2024 (Bain Capital Ventures, Vertex Ventures US)
No confirmed published valuation
Confidence index: High
Method
Solid sources
10 PorterUnited States · North AmericaSources: 1 Series A · USD 20M · Jan 2026Key metrics not disclosed Last known equity round: Series A · USD 20M · Jan 2026 (FirstMark Capital)
No confirmed published valuation
Confidence index: Low
Method
Weak sources
11 QoveryFrance · EuropeSources: 1 · 2 Series A · USD 13M (EUR 11.3M) · Sep 2025Key metrics not disclosed Last known equity round: Series A · USD 13M (EUR 11.3M) · Sep 2025 (IRIS; Speedinvest, Crane)
No confirmed published valuation
Confidence index: High
Method
Solid sources
12 Val TownUnited States · North AmericaSources: 1 Seed · USD 5.5M · Apr 2024Key metrics not disclosed Last known equity round: Seed · USD 5.5M · Apr 2024 (Accel)
No confirmed published valuation
Confidence index: Low
Method
Weak sources
13 ZeaburTaiwan · Asia-PacificSources: 1 Seed · USD 2M · Nov 2025Revenue / ARR: n/d · 5,000+ paying customers · Nov 2025 Last known equity round: Seed · USD 2M · Nov 2025 (500 Global; Baidu Ventures)
No confirmed published valuation
Confidence index: Low
Method
Weak sources
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Edition 0: produced by Claude (Anthropic); a consensus of several AI models will apply in a future edition. Eligibility: at least $1M raised including one equity round, non-listed company, main activity in this segment (developer clouds, application platforms and cloud hosting). Country shown is the country of main operations. Request a correction

How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Estimate

An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.

  1. Hundreds of k$
  2. Millions $
  3. Tens of M$
  4. Hundreds of M$
  5. Unicorn
  6. Decacorn
  7. Hectocorn

Confidence

  • High: recent published valuation or round (under 24 months).
  • Medium: older data.
  • Low: single or unconfirmed source.

Full method →

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

  • Zerops · Czech Republic · EuropeMay 2026 · USD 2M
  • OrtCloud · Singapore · Asia-PacificApr 2026 · USD 1.7M
  • Daytona · United States · North AmericaFeb 2026 · USD 24M
  • Modelence · United States · North AmericaJan 2026 · USD 3M
  • Unikraft · United States · North AmericaOct 2025 · USD 6M
  • Shuttle · United States · North AmericaOct 2025 · USD 6M
  • Alpic · France · EuropeSep 2025 · USD 6M
  • E2B · United States · North AmericaJul 2025 · USD 21M
  • Blaxel · United States · North AmericaJul 2025 · USD 7.3M
  • Salus Cloud · South Africa · Sub-Saharan AfricaJun 2025 · USD 3.7M
  • Civo · United Kingdom · EuropeApr 2024 · USD 10.3M
  • Deno · United States · North AmericaJun 2022 · USD 21M
  • Pantheon · United States · North AmericaJul 2021 · USD 100M
  • UpCloud · Finland · EuropeJan 2020 · EUR 18M (equity and debt)

Listed benchmarks

Not ranked: no intention is possible on a listed company.

  • DigitalOcean · United StatesNYSE · DOCN
  • GoDaddy · United StatesNYSE · GDDY
  • Akamai (Linode) · United StatesNasdaq · AKAM
  • OVHcloud · FranceEuronext Paris · OVH
  • IONOS Group · GermanyXetra · IOS
  • Wix.com · IsraelNasdaq · WIX
  • Infomaniak · SwitzerlandSIX · INFO
  • Locaweb · BrazilB3 · LWSA3

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: January 6, 2027.

Eligibility. At least $1M raised including one equity round, non-listed company, main activity in this segment (developer clouds, application platforms and cloud hosting). A company appears in one segment only.

Sources. Bloomberg, BusinessWire, SiliconANGLE, TechCrunch, DataCenterDynamics, FinSMEs, Tech.eu, EU-Startups, Contrary Research, company announcements.

Method and rules, common to all rankings →