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Fabric (FKA Florence) Named One of 20 Rising Stars as Part of Forbes' Cloud 100 List

August 8, 2023

NEW YORK (August 8, 2023) – Fabric (FKA Florence) is named one of the 20 Rising Stars as part of the eighth annual Forbes 2023 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

The 20 Rising Stars represent young, high-growth and category-leading cloud companies who have raised up to $25 million to date and are poised to join the Cloud 100 ranks.

"I am excited to see Fabric recognized among the Forbes Cloud 100 Rising Stars for 2023,” said Aniq Rahman, Founder and CEO of Florence. “This acknowledgment is a testament to the dedication of the Fabric team and our shared commitment to addressing the greatest constraints in care, access and clinical capacity. Thank you to Forbes, Salesforce Ventures, and Bessemer Venture Partners."

“This year’s cohort of Rising Stars are building novel cloud businesses, and despite challenging macro headwinds, have demonstrated signals of growing market leadership,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “We’re excited to celebrate the impact these entrepreneurs are making and look forward to seeing these companies continue to gain momentum and join the ranks of companies that graduate to the Cloud 100.”

“Our Cloud 100 Rising Stars represent an elite group of private companies that are quickly driving innovation forward and have the ability to become leaders in the cloud space,” said Paul Drews, managing partner, Salesforce Ventures. “We look forward to watching how these Rising Stars will change industries around the world and expect to see many of them on next year's Cloud 100 list.”

"Each year, hundreds of impressive startups demonstrate early momentum in cloud software. But there's only room for a select few on the Cloud 100 Rising Stars list, which selects the best and brightest emerging private companies in the sector," said Kenrick Cai, the Forbes editor of the Cloud 100. “Congratulations to each of the 2023 Rising Stars, and to list alumnus Komodo Health for graduating onto the main Cloud 100 list. We are excited to see who among this year's batch will make that same leap in the years to come."

The Forbes 2023 Cloud 100 and 20 Rising Stars lists are published online at Highlights of the list appear in the August/September 2023 issue of Forbes magazine.

This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honored with a digital content launch, as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. A special thank you to the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, HSBC, J.P. Morgan, Morgan Stanley, Nasdaq, and Qatalyst Partners.

About Fabric (FKA Florence Labs, Inc.)

Fabric is a health tech company that powers healthcare to move faster, work smarter, and deliver better care through its care enablement system. The system offers three solutions: In-Person Care Suite, Virtual Care Suite, and Engagement Suite. Leveraging conversational AI and intelligent adaptive interviews, Fabric unifies virtual and in-person care across intake, triage, routing, and treatment while automating workflows for staff. Built on clinical guidelines by a team of clinicians, Fabric’s clinical intelligence engine upholds excellence in care quality while offering omnichannel access for patients. The results include enabling clinicians to work 2-10 times faster (dependent on setting), decreasing call center volume by 15%, and increasing utilization of unfilled visit blocks. Some of Fabric’s customers include Luminis Health, OSF HealthCare, MUSC Health, and Intermountain. Fabric is backed by Thrive Capital, GV (Google Ventures), and Salesforce Ventures with participation from Vast Ventures, BoxGroup and Atento Capital.

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