BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Battery Ventures, a global investment firm that backs cloud companies, has revealed the 25 Highest-Rated Public Cloud Computing Companies to Work For, as well as the 25 Highest-Rated Private Cloud Computing Companies to Work For During the Covid Crisis, with data specifically provided to Battery from Glassdoor*. The list—a twist on Battery’s annual list of highest-rated cloud firms, in terms of employee satisfaction—is based on data collected during the first six months of the pandemic (March through August) and includes many companies that successfully raised financing and grew revenue during the period.
The companies on both lists represent those where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor, a worldwide leader on insights about jobs and companies.
This year, videoconferencing company Zoom, whose usage has soared as more people work remotely, took top honors in the public-company rankings. Other companies focused on workplace collaboration—a key theme during this work-from-home period—also won places on the list. They include Slack, DocuSign, Box, Microsoft and Dropbox.
On the private side, 10 of the top 25 companies, including No. 1 company Dataiku, announced financing rounds during the pandemic (through Nov. 1). These financings amount to more than $1.9 billion combined, according to Crunchbase—demonstrating another potential link between positive company culture and overall corporate performance and growth, said Neeraj Agrawal, a Battery general partner who specializes in cloud investing.
“In my 20 years as a venture-capital investor, I’ve seen several tough markets, but never a period of such unique uncertainty. Today, the cloud companies that are succeeding are ones with great technology and product-market fit, but also those with savvy management teams who understand how to motivate employees during difficult circumstances,” Agrawal said. “This was true before the pandemic but is even more true now. CEOs need to be flexible and embrace new strategies--including distributed C-suites, all-remote onboarding processes, and mental health coverage as a company benefit—as they build cohesive cultures for the long term.”
Florian Douetteau, the CEO of No. 1-ranked private company Dataiku, says his firm has deployed dedicated “happiness managers” to check on employees one-on-one. The company also ordered desks and computer monitors for all employees’ home offices and set up new communication channels to shore up morale, including an internal podcast and small fireside chats, in addition to larger employee meetings. “We don’t have all the answers by any means, but we know that we must continue to go the extra mile to keep our employees focused as we continue to grow our company,” he said. “We are humbled and honored that our employees ranked us so highly and allowed us to earn top honors on this list.”
Battery last released its highest-rated cloud companies list in the spring of 2019 and focused on employee ratings from the previous 12-month period. This time, “we knew that any data collected before the pandemic would not be very consequential, since the virus has turned most companies upside down. So, we delayed the release of our list and focused on how employees rated companies from March through the end of August, when culture was particularly critical,” Battery’s Agrawal said.
About Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel and London. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.
