Komprise Doubles Subscriptions Again in 2023

Komprise, Inc. announced a doubling of new subscriptions again in 2023.

This growth comes at a time when organizations are facing pressure to manage and optimize data growth and IT spending in challenging economic times. Organizations are not just focusing on cost efficiency but also seeking insights into unstructured data to feed and govern AI workflows in the wake of burgeoning interest in Generative AI. Komprise Intelligent Data Management analyzes, mobilizes and manages unstructured data workflows that sit at the nexus of these trends.

Highlights from 2023

• Subscriptions doubled again, driven by growth in new logos and record expansion from existing customers.
• The company grew average annual contract value (ACV) by 60% with multiple 7-figure deals throughout the year, indicating growing enterprise adoption of Komprise as a platform to analyze, mobilize and extract value from unstructured data.
• It is managing unstructured data in the exabyte range across its customers, which span enterprises in healthcare, life sciences, public sector, legal, energy, financial services, higher education and M&E industries.
• It released several major product updates including: Komprise Analysis standalone subscription, Komprise Intelligent Tiering for Azure, new Data Governance and Self-Service features, Storage Insights for a unified view of data-centric and storage-centric metrics, and Elastic Data Migration enhancements to support a broadening set of use cases.
• More than half of customers are heavy users of Komprise Deep Analytics, which included a new Directory Explorer in 2023. Research and departmental IT teams are growing use of Deep Analytics to gather more granular information on data assets to support cost management, security, compliance and AI initiatives.
• It was recognized for several industry honors including the Inc. 5000 List, Deloitte Technology Fast 500, CRN Tech Innovators, and others listed.
• Published the 2nd annual Komprise State of Unstructured Data Management report, which found that preparing for AI was the storage priority in 2023.

“Komprise is on a mission to change the way the world manages unstructured data, which is growing exponentially in the enterprise,” said Kumar Goswami, co-founder and CEO. “In the AI era, customers want to turn data volumes into data value and Komprise Intelligent Data Management leverages AI to look inside files and provide another level of insight and value. I’m excited about our momentum and look forward to driving even greater customer success this year.“