Hospitality Software
Cloudbeds is a San Diego-based hospitality technology company that provides an all-in-one property management platform for independent hoteliers across 157 markets worldwide. The company serves more than 27,000 paying customers representing over 2.5 million beds, and has grown at a 75% compound annual growth rate over the three years preceding the November 2023 interview. Founded by Adam Harris, who serves as co-founder and CEO, Cloudbeds has raised $250 million in venture capital and expanded its workforce from 40 employees in 2018 to 757 people across 41 countries as of 2023. Revenue has grown from $10 million in 2018 to north of $50 million in 2023, with Harris describing a $100 million run rate as an easy target for 2024. Beyond its core software business, Cloudbeds has moved aggressively into financial technology, launching payment processing in its first market 18 months before the interview and expanding to 30 markets within the three weeks prior. The company also operates Amplify, a generative AI-powered direct booking product that targets the $87 billion in annual intermediary fees paid by the lodging industry, with a goal of driving $1 billion in gross merchandise volume through that channel in 2024.
- Revenue
- $84.8M
- Customers
- 27K
- Year founded
- 2012
- Funding
- $248.4M
- Team size
- 777
- Location
- United States
