WekaIO Quadruples Y/Y Growth in Cloud Deployments on Covid-19 Surge

WekaIO, Inc. leveraged its capabilities in overcoming the challenges of performance and scale in data centers to expand business opportunities in target use cases that include AI, deep learning, ML, high performance data analytics (HPDA), financial services (FinServ), HPC, and life sciences research.

It achieved throughout 2020 include a 350% Y/Y increase in its cloud business, while on-premises revenues more than doubled Y/Y for the company. Additionally, customer confidence was strong with a 95% re-purchase rate, with re-purchases generally 500% higher than the original purchase.

Eight of the Fortune 50 use Weka to accelerate innovation and research, extracting more value from their data and improving time-to-market. These growth signals realized in an otherwise challenging business environment that was affected by a pandemic indicate that the company is well-positioned for further success as large corporations and enterprises need solutions that enable data center agility with the cloud, cost-efficiency, data mobility with faster data access at scale and data portability.

Last year, Weka announced product innovations further solidifying its position for technical computing in the enterprise. These included: Weka AI to accelerate edge to core to cloud data pipelines that are accelerated by GPUs; Kubernetes CSI plug-in for cloud-native storage on-premises and in the public cloud allowing application and deployment agility enabling superior DevOps abilities; a SAS Analytics reference design that reduces wall clock time by 5X for long running jobs; AWS Outposts Ready designation to extend hybrid cloud storage deployment capabilities for the enterprise wishing to leverage AWS services on-premises; and reference architectures with object storage providers that deliver an unified namespace from flash to object storage to the cloud for enterprise customers that need simplicity and performance at any scale.

In addition to these enterprise storage capability announcements, Weka filled key positions in sales, management, and product development: Ken Grohe as president and chief revenue officer; Intekhab Nazeer as CFO; and George Pamboris as VP of product management.

“While we greatly relate to the events of 2020 that have impacted everyone’s business around the world, we were fortunate to end our fiscal year having posted strong growth and a great sales pipeline for the coming year. And, we were pleasantly surprised by the amount of repeat customer business, that we attribute to the great product and customer support we provide,” said Liran Zvibel, co-founder and CEO. “I attribute our success to enterprise customers who were forced to rethink their IT infrastructure strategy this year, seeking cloud-ready solutions that enable data mobility and ‘zero-touch’ operational efficiency. Weka delivers that and more, targeting the intersection of technical computing and enterprise IT by delivering a modern storage platform that solves big problems and customers have confidence to implement. To maintain a competitive advantage, we predict that even post-Covid, enterprise IT will invest in solutions that accelerate access to the cloud and simplify their infrastructure, while embracing the cloud either on-premises, the public cloud, or a hybrid of the two. In 2021, we will accelerate our customer adoption trajectory, by investing in R&D, hiring for key positions, and identify strategic partnerships.“

The backbone of Weka’s success is derived from storage platform WekaFS, architected to accelerate I/O to CPU and GPU-enabled compute clusters whether the data resides on-premises or in the public cloud, or a hybrid of both. WekaFS provides an enterprise grade solution with all the features found in legacy appliances, while future-proofing their IT investments with security and cloud integration.

Among other momentum-building highlights of the past year are: