Company first recognized in the 2016 Forbes Cloud 100: Rising Stars list; graduates to Cloud 100
Boston, MA -- July 11, 2017 – Toast, the all-in-one restaurant technology platform and one of the fastest-growing SaaS companies in the U.S., today announced it has been named to the Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners. Toast will be celebrated tonight in San Francisco at The Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture Partners, Forbes and Salesforce Ventures. The celebration is attended by the CEOs of the public cloud companies and the CEOs named to The Cloud 100 and The 20 Rising Stars lists.
“Toast’s recognition in the Forbes 2017 Cloud 100 is a true honor; our team contributes to the growth of cloud technology by delivering an agile, scalable platform in a market that often relies on outdated on-premise technology: the restaurant industry,” said Chris Comparato, CEO of Toast. “Our all-in-one, mobile restaurant technology platform – and an obsession with providing excellent customer service – is the recipe for our success and testament to why Forbes is acknowledging us as one of the top 100 private cloud companies in the world.”
Toast offers advanced functionality to manage the day-to-day operations of the restaurant, including quick menu modifications, real-time enterprise reporting and labor management on an easy-to-use interface. The platform also features revenue-driving tools including physical and digital gift cards, loyalty programs and online ordering.
“Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year’s list is no exception,” said Forbes editor of the Cloud 100 list, Alex Konrad. “Forbes has a keen eye for businesses, and combining that with Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the cloud industry, any company’s inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate.”
As part of the rigorous selection process for the Forbes 2017 Cloud 100, Forbes’ data partner, Bessemer Venture Partners, received hundreds of submissions from the top cloud startups. With that data, the Forbes Cloud 100 judge panel, made up of a majority of public cloud company CEOs, was then responsible for selecting and ranking the top 100 companies from all over the world. The evaluation process involved four factors: estimated valuation (30 percent), operating metrics (20 percent), people and culture (15 percent) and market leadership (35 percent), which the judge panel then weighed to select, score and rank the winners.
The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017 issue of Forbes magazine.
Toast is a simple and powerful all-in-one restaurant platform. Built specifically for restaurants, Toast offers a mobile, cloud-based point of sale (POS) system that incorporates key facets of the guest experience into one platform, connecting the POS system with integrated online ordering, gift card and loyalty programs, and labor and sales reporting. Toast customers have experienced a 20% increase in revenue via improved throughput, 3x increase in tips from digital signatures, and 50% increase in online orders after switching to the Toast platform. Learn more about Toast at www.toasttab.com or on their Facebook page.
PR & Branding Manager