Redpanda, the streaming data pioneer, today announced record results for its 2024 fiscal year. Buoyed by the winning combination of simplicity, scale and cost savings when compared to legacy Apache Ka...
Activision, Cisco, Lacework, ShareChat and Many More Chose Redpanda Streaming Data Platform for Simplicity, Scale and Cost Efficiency
SAN FRANCISCO: Redpanda, the streaming data pioneer, today announced record results for its 2024 fiscal year. Buoyed by the winning combination of simplicity, scale and cost savings when compared to legacy Apache Kafka and messaging queues, Redpanda increased revenue by 300% year over year, grew its customer base by 179% and raised $100 million in Series C funding, led by Lightspeed Ventures, in a down market.
The company showed strong momentum across all of its offerings, especially its industry-first Bring Your Own Cloud (BYOC) deployment option – a fully managed cloud service that enables data sovereignty and dramatically lowers data movement costs by storing the user’s data and underlying security credentials on only the user’s cloud infrastructure. Redpanda Cloud BYOC deployments more than tripled during the year.
Redpanda also grew its community of users during the recently completed fiscal year, including a 56% increase in members of its Community Slack, a 36% increase in the GitHub stars for its freely available Redpanda Community edition, and 210% growth of users for Redpanda University, the company’s free online, self-paced training.
"As a result of switching to Redpanda, we have reduced our cloud infrastructure spend on event streaming by about 70%, resulting in savings of millions of USD annually," said Arya Ketan, Senior Principal Engineer at ShareChat, India’s leading social media platform. "We are now scaling up new use cases on our event streaming architecture without worrying about spiraling infrastructure costs. Redpanda is an integral component in our architecture, delivering highly critical use cases."
Redpanda serves a diverse roster of customers, including Activision, Akamai, Alpaca, Cisco, Dun and Bradstreet, Jump Trading, Lacework, LiveRamp, Moody’s, Optimizely, Poolside, ShareChat, StoneX, Texas Instruments, The Hotels Network and Vodafone.
“The hero of the Redpanda story has always been the builder, hacker and the doer, hands on keyboard, building the future,” said Alex Gallego, founder and CEO of Redpanda. “We are obsessed with making these builders the centerpiece of our story, knowing that if we continue to do that we’ll be massively successful as a company. The success of last year is a product of market momentum and maniacal focus. We’re just getting started.”
In FY24, Redpanda enhanced and extended its capabilities including:
In addition, Redpanda formally joined AWS, Google and Microsoft partner programs and filled-out its executive staff with the addition of seasoned executives including Clint Nelson as Chief Revenue Officer and Mike Boyarski as Chief Marketing Officer.
To learn more about Redpanda, please visit: redpanda.com
About Redpanda
Redpanda is the streaming data platform for developers. API-compatible with Apache Kafka, Redpanda introduces a breakthrough architecture and disruptive capabilities that make it an easy, fast, scalable, and cost-effective engine of record for both real-time and historical enterprise data. Innovators like Lacework, Jump Trading, Vodafone, Moody’s, Hotels Network and Alpaca rely on Redpanda to process hundreds of terabytes of data a day. Backed by premier venture investors Lightspeed, GV and Haystack VC, Redpanda is a diverse, people-first organization with teams distributed around the globe. To learn more, visit our website at redpanda.com and follow us on X (formerly Twitter) at @redpandadata.
Fonte: Business Wire
The Italian company partners with MainStreaming for high-performance, energy-efficient video streaming
Software vendors developing vertical solutions against specific attack vectors are 'cool' again. And when it comes to email security, all companies now…
Links Management and Technology just concluded the testing phase of a research project focused on banking transformation
Axyon AI offers an AI platform specifically designed for asset management, with several interesting strengths for those approaching machine/deep learning…
The "Switzerland Existing & Upcoming Data Center Portfolio" database has been added to ResearchAndMarkets.com's offering. This database product covers…
Jenna Wells, former Marine Corps Captain and Chief Customer & Product Officer of real-time risk intelligence platform Supply Wisdom, is available…
Intelligent power management company Eaton (NYSE:ETN) today announced that Tiffany Hanisch has been named senior vice president, Internal Audit, effective…
Transact Campus, (“Transact”) the award winning leader in innovative mobile credential and payment solutions for a connected campus, today announced the…