Introducing Storj Next: Next Gen Storage Faster and Less Expensive than AWS, Microsoft and Google

Storjj Labs. Inc. unveiled the next evolution of its network that’s globally faster and less expensive than industry giants AWS, Microsoft, and Google.

Storj Next builds on the company’s existing distributed model to unlock performance, security, and scalability. The new features will enable enterprises to reduce cloud costs, without sacrificing reliability or performance.

“Cloud storage used to be one of our largest expenses and logistical obstacles, which was the main reason why we initially looked into Storj,” said Skylar Sweetman, Head of Production, Metastage. “Storj has given us an alternative option to high cost hyperscaler storage models – enterprise-grade cloud object storage that’s fast, secure, and reliable, at a price point that enables us to scale our operation significantly. By offering high performance low cost data storage via their distributed model, Storj cleared the path for our team to create and innovate freely.”

While businesses around the world look to cut costs, including IT budget reductions, they are flocking to more cost effective cloud solutions. This has led to a 40x rise in Storj network use, with remarkable growth from enterprise customers. In the last year, the firm has scaled from 13,000 to 20,000 nodes, outperforming traditional storage providers with SLA’s comparable to AWS, Google, and Azure. Early proven use cases include video and media distribution, IT backup and DR, and sharing large data sets for ML. The latest enhancements have gained more speed, with 280% improvements in file downloads and uploads.

“Storj gets faster as we add more nodes due to parallelism for downloads. We eliminate dependency on a single data hub, instead using a distributed network of under utilized storage capacity on existing hardware, which allows for less latency and reduced data transfer times,” said Storj CEO Ben Golub. “We have kept our heads down building a product that works and seen significant growth as a result: Storj is up to 90 percent less expensive and faster on a global basis than AWS and other hyperscalers, making it an attractive option for businesses looking to reduce costs while still benefiting from enterprise-grade durability, reliability, and security.”

Company’s distributed model offers other benefits to today’s enterprise. Since all data is encrypted, redundantly sharded, and globally distributed, it is highly resilient to failure. No data center outage, fire, flood, or even region wide disaster can take out data. There is no centralized trove of unencrypted data to be attacked by malicious parties or compromised by careless administrators. Continuous monitoring and auditing prevent against bit rot. Metadata masking prevents data mining. And, the security model has built-in safeguards to prevent ransomware.