The Value Of Public Cloud Companies Plummeted 40% In 5 Months, But Bessemer Isn’t Scared Off By The ‘SaaSacre’

In five short months ending in April, the value of publicly traded cloud companies plummeted $1.1 trillion, losing just over 40 percent of their total value.

That’s according to the State of the Cloud 2022 report from Bessemer Venture Partners (BVP).

In November, the public cloud index was valued at $2.7 trillion; last month, it was $1.6 trillion.