Combined with growth in revenue showcases the company’s ability to enable cost-efficiency, agility, and high-performance in a simple, complete data storage platform
Lightbits Labs (Lightbits), the first software-defined, NVMe Complete Data Platform for any cloud, ended 2021 doubling its install base, increasing its average deal size, and increasing revenue on a tailwind of IT organizations turning to cloud solutions to enable simplicity, agility, and cost-efficiency.
“A method and system to determine an optimal over-provisioning ratio”
Despite the uncertain business climate, the organization increased its average deal size by 60 percent and had a significant number of new partners join the “GoPurple program.” Among these successes, Lightbits also achieved a 2.3X increase in pipeline growth signaling that the company is well-positioned for further success as IT organizations and Cloud Service Providers (CSPs) seek storage solutions that enable data center agility, cost-efficiency, and accelerating cloud applications at scale.
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The backbone of Lightbit’s success is derived from the innovative complete data storage platform. Lightbits is software-defined and architected to leverage NVMe/TCP with Intelligent Flash Management built-in. The unique combination makes it easy to consume on commodity hardware and standard networking, dramatically improves flash efficiency and delivers the highest performance with the lowest latencies at scale for bare metal, containerized, or virtual environments. Finanz Informatik Technologie Service (FI-TS) implemented the solution last year for its Kubernetes-based Finance Cloud-Native production interface, solving their need for shared, redundant storage that performs like local flash.
“We have been fortunate to be in a position where cloud solutions have been in greater demand during the past few years allowing us to experience strong customer growth and increase in sales opportunities for the coming year,” said Eran Kirzner, CEO of Lightbits. “We attribute the growth to our unique capabilities in terms of delivering a highly performant, cost-efficient data platform with enterprise rich data services in a shared storage environment that is easy to consume. More companies are adopting NVMe/TCP, and we invented it, it’s native to our storage software and our announcement last year with VMware is evidence that we are on a trajectory towards delivering an end-to-end NVMe solution. We grew our topline and our company last year, added offices, added 27 percent more employees, and filled key leadership team positions. In 2022, watch for more product innovations with our strategic alliances which will add more customer value to our existing installation base and broaden our appeal. IT organizations need performance, simplicity, and efficiency for their cloud—whether it’s private, public, or at the edge—we deliver that and more.”
Last year, Lightbits announced the first software-defined NVMe/TCP storage solution for VMware after successfully completing a rigorous certification with VMware vSphere 7 Update 3. It was also listed on the VMware Compatibility Guide. Other product innovations were recognized with patent awards, totaling six in 2021 and bringing the number of patents held by Lightbits to 26. In addition, the company received six industry awards and recognition: Storage Tech Trailblazer of the Year, Cloud Storage Innovation of the Year, SDC Award, 2021 Big50 Startup Report, 2021 Digital Innovator of the Year by Intellyx, 2021 CRN Tech Innovators Award.
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