Macro Pulse.

Where software valuations sit right now. Follow the public cloud index that buyers and boards benchmark against, then see today's revenue multiples across the listed peer set.

Cloud index

BVP Nasdaq Emerging Cloud Index

Latest level
1,997
2 Oct 2026
Change, 3Y
+41.2%
Up from window low
+Infinity%
Room to record high
+55.1%
Peak 3,097, Nov 21

Today's cloud multiples

Bessemer's live board of revenue multiples, growth and margins across the listed cloud peer set. It is the reference point most buyers start from when they price a software deal.

Open full board

Index levels come from Nasdaq through FRED (Federal Reserve Bank of St. Louis) and refresh daily. Multiples are published by Bessemer Venture Partners at cloudindex.bvp.com. Public multiples are one input into private company value. This page is general information, not investment advice.

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