As of October 2026, Latka tracks 20 cloud platform as a service (PaaS) software companies with $100M+ in annual revenue. They have combined revenues of $3.3B and employ 15K people. They have raised $4.7B and serve 125.8K customers combined.
Every company below sells cloud platform as a service (PaaS) software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
Cloud Platform as a Service (PaaS) software provides a comprehensive environment for developers to build, test, and deploy applications without the complexities associated with managing the underlying infrastructure. PaaS solutions combine infrastructure and development tools into a single platform, facilitating collaboration and enabling faster time-to-market for applications. Common use cases include web application development, mobile app development, and API management, allowing teams to focus on writing code rather than managing servers and hardware. Typical features of PaaS include integrated development environments (IDEs), database management systems, middleware, and application hosting capabilities. These tools allow users to streamline workflows, utilize automated deployment processes, and scale resources as needed without manual intervention. PaaS is predominantly utilized by IT departments, software developers, and organizations looking to innovate rapidly and improve their software development lifecycle efficiency.
Sorting: Highest -> Lowest
Showing 10 of 20 companies ranked by annual revenue.
San Francisco, United States
Alchemy is a developer platform that empowers companies to build scalable and reliable decentralized applications without the hassle of managing blockchain infrastructure in-house. It is currently faster, more reliable, and more scalable than any other existing solution, and is incredibly easy to integrate!
San Francisco, California, United States
Redis develops the Redis in-memory database and sells it as a managed cloud service (Redis Cloud) and as on-premises software (Redis Software) for caching, real-time data, vector search and AI agent memory. Ofer Bengal and Yiftach Shoolman founded it in 2011; it was Garantia Data until 2014 and Redis Labs until August 2021. Rowan Trollope has been CEO since February 2023, with Bengal as chairman, and the company is based in San Francisco. Redis raised a net $347 million through its April 2021 Series G, which valued it at over $2 billion, and in January 2026 said it had passed $300 million in annual recurring revenue. In 2018 Bengal told Latka it had about 200 employees, 8,500 customers and roughly 60% annual growth.
Amsterdam, North Holland, Netherlands
Etiya is a leading software company providing customer experience focused AI driven Digital Transformation with its own award-winning product portfolio. Founded in 2004, Etiya has more than 1.600 highly qualified employees and offices in 3 continents and 8 countries. Its microservice-based architecture, DevOps methodology and AI-driven portfolio provides competitive advantage to its customers by bringing agility and flexibility into their business. Etiya provides turn-key, end-to-end digital transformation to many customers worldwide from different sectors including telecom, finance and retail. Its business processes and business entities are certified to the latest TM Forum standards, TM Forum Frameworx version 17,5, and achieved the highest number of conformant TM Forum Business Process Framework Level 3 Certifications of any vendor. It incorporates innovative AI technologies, including natural language processing (NLP) techniques, prediction and recommendation, in its portfolio. With the “Connected Customer First” approach which prioritizes the digital customer experience and the agile methodology it applies becoming digital-ready is possible in a matter of months via fast delivery of products and solutions. In 2019, Etiya won the TM Forum Disruptive Innovation Award for its Fizz project and the Outstanding Catalyst Innovation Award for the Digital Twins proof of concept project. Etiya exists to move agilely beyond existing standards in its relationships with the customers, in innovation, and in its ambition to expand and grow. Exceed, Every Day
Pune, Maharashtra, India
Coditas is a Pune, India-based software engineering services firm founded in November 2014 by Mitul Bid and his wife. The company offers end-to-end software development lifecycle services, spanning user experience design, software architecture, development, deployment, quality assurance, and ongoing support. It operates on a time-and-material billing model and has never built proprietary software products, a deliberate choice Bid describes as avoiding a conflict of interest with its services focus. From a standing start of roughly $100,000 to $150,000 in its first five to six months of operation, Coditas grew to $2 million in revenue by 2015 and surpassed $10 million in the year prior to the April 2021 interview, representing compound annual growth of more than 50 percent per year since 2015. The company is entirely bootstrapped, having launched with $1,500 in paid-up capital and never taken outside investment. As of April 2021, Coditas employed 440 people in total, of whom 360 are engineers. The firm serves approximately 35 to 40 active clients at any given time and has served more than 150 clients over its lifetime. Hourly billing rates range from $10 to $12 at the junior end to $50 and above for senior and CTO-level staff. Named clients include ConnectAndSell, a company Bid described as having reached $25 million in revenue with Coditas handling its entire engineering function.
San Francisco, California, United States
The company Vercel was founded in 2015 and is headquartered in San Francisco, California, USA. Vercel is a cloud platform for static and serverless web development, allowing users to build and deploy websites and applications quickly and efficiently. The company offers various features and functionalities, including automatic deployments, serverless functions, and real-time collaboration. Vercel has become a popular platform for web developers, with thousands of customers worldwide, including small startups and large enterprises. The company has received several awards and recognition for its innovative platform, and it continues to expand its offerings to meet the evolving needs of the web development community.
Wilmington, Delaware, United States
EDB Postgres® AI (EDB PG AI) is the first open, enterprise-grade sovereign data and AI platform—secure, compliant, and scalable, on-premises and across clouds. Built on Postgres, the world’s leading database, EDB PG AI unifies transactional, analytical, and AI workloads, enabling organizations to operationalize their data and LLMs while maintaining control over sovereign environments. EDB PG AI is supported by a global partner network and delivers up to 99.999% availability as well as hybrid management and a built-in AI factory. As one of the most active contributors to the PostgreSQL project, EDB is deeply invested in the vitality of the global community. To learn more, visit www.enterprisedb.com.
Newton, Massachusetts, United States
Global full-service custom software development and cloud engineering partner specializing in complex and time-sensitive software solutions
Palo Alto, California, United States
Workato's platform provides businesses with a flexible and scalable way to automate their workflows
Boca Raton, Florida, United States
Software development company that is a certified Google Cloud Partner, with over 1000 experts in the Americas, Europe and Asia
Latka tracks 20 cloud platform as a service (PaaS) software companies with $100M+ in annual revenue. Together they generate $3.3B in annual revenue and employ 15K people.
Alchemy is the largest, with $447M in annual revenue, founded in 2017.
The average cloud platform as a service (PaaS) software company in this list makes $167.1M a year, across 20 companies with reported revenue. They serve 125.8K customers combined.
Ranked by annual revenue, the leaders are Alchemy, Redis, Etiya, Coditas and Vercel.
The 20 cloud platform as a service (PaaS) software companies with $100M+ in annual revenue tracked here have raised $4.7B in disclosed funding between them.
- The platform must provide a complete development and deployment environment for applications. - It should offer integrated tools for software development, including IDEs and database management systems. - Must support scalability of applications without manual infrastructure management. - The solution should facilitate collaboration among development teams, including version control and workflow management. - Not limited to application hosting; must also include middleware and integration tools for enhanced functionality.
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