Deel Spots #8 on 2024 Cloud 100: Shaping the Industry

Deel Spots is #8 on the 2024 Cloud 100 list, achieving an important milestone. It’s a prestigious ranking of the world’s top private companies. This honored recognition places Deel among an elite group of companies shaping cloud technology’s future.

Deel, founded in 2019 by Alex Bouaziz and Shuo Wang, emerged from challenges encountered as MIT international students and entrepreneurs. Their shared frustration with the complexities of hiring and paying employees across borders led them to create Deel. A fully remote international payroll and compliance company. Deel has revolutionized how companies hire and pay workers globally, offering a seamless solution for businesses of all sizes.

In just five years, Deel has experienced extraordinary growth. The company now serves over 35,000 customers worldwide and boasts an impressive $500 million annual recurring revenue. Deel further underscores its rapid ascent in the cloud industry by recently acquiring Hofy, a device supply and management company. This strategic move expands Deel‘s capabilities. It allows it to offer a comprehensive IT integration suite, Deel IT,  to launch later this year.

Deel Spots #8 on 2024 Cloud 100

The 2024 Cloud 100 list is more competitive than ever, with companies pushing the boundaries of innovation and growth. The total value of companies on the list has reached a staggering $820 billion, the highest in the Cloud 100’s history. Deel’s inclusion in the top ten is a testament to its groundbreaking contributions and its continued trajectory of success.

As Deel celebrates this honor, it remains committed to empowering businesses worldwide with the tools they need to thrive in a globalized economy. The recognition from the Cloud 100 list is an honor. And a validation of Deel‘s mission to simplify global hiring and payroll for companies everywhere.

Looking ahead, Deel continues to accelerate its growth. The company plans to expand its offerings and drive further innovation in the remote work and payroll sectors. Deel is positioning itself to maintain its upward trajectory. The upcoming launch of Deel IT will solidify Deel‘s position as a leader in global workforce solutions. Deel‘s growth deepens its impact on the cloud industry and global workforce, positioning it as a company to watch in the coming years.

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