Cloudbeds was founded in 2012 by Adam Harris, Phillip Kopp, and Richard Castle. The company has not publicly endorsed plans to participate in an IPO.
Cloudbeds is the developer of a hospitality platform that "combines solutions for reservations, distribution, revenue management, guest acquisition, and guest engagement in a single unified system." The company acquired OneRooftop in 2017, a vacation rental management software platform. In 2022, Cloudbeds acquired Whistle, a guest messaging platform for the hotel industry. Cloudbeds has received numerous awards from Forbes and Hotel Tech Report. The company has raised more than $250 million in venture capital funding from investors including SoftBank Vision Fund 2, Echo Street, Walleye Capital, Viking Global Investors, PeakSpan Capital, and Counterpart Ventures. Cloudbeds did not disclose valuation figures following a $150 million fundraise in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.