Following a historic round of funding, legal-and-fin-tech Clio has announced another milestone.
The BC-born technology pioneer has this year been named to the Forbes’ 2024 Cloud 100 list for the first time.
The Forbes Cloud 100 list is a definitive ranking of top private cloud companies around the globe, and to be included is a “tremendous honour,” says Clio founder Jack Newton.
“Clio’s inclusion is … a testament to our team’s dedication to transforming the legal experience for all,” stated Newton, who serves his company as chief executive.
It’s a competitive year for cloud companies, says Mary D’Onofrio, partner at Bessemer Venture Partners, which sponsors Forbes‘ list.
“Across nine years of data, we have yet to see as competitive of a cohort as the 2024 Cloud 100,” D’Onofrio stated. “The list value reached $820 billion this year, the highest list value in Cloud 100 history.”
“The Cloud 100 list represents the best of the best,” agrees Paul Drews, managing partner at Salesforce Ventures, another sponsor.
The recognition from Forbes “underscores our ongoing commitment to advancing legal technology and shaping the future of the industry,” Newton said.
His company ranked 56th on the list, which saw the very top slots filled by OpenAI, Databricks, and Stripe.
“Since 2008, we have been at the frontier of a transforming legal sector, pioneering innovations that empower legal professionals to grow their firms efficiently while delivering exceptional client service,” the CEO stated. “We are immensely proud to join this class of exceptional cloud based companies.”
Already a known legaltech success, Clio is also succeeding with fintech: the firm’s all-in-one payments business has skyrocketed since launch in 2022, now processing billions of dollars annually in legal-specific transactions in Canada, the US, and the UK.
Headquartered in Burnaby, with offices in Calgary and Toronto, Clio has more than 1,100 employees.
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