Exablox Announces Record Revenue Growth of More than 400 Percent Year-over-Year in 2015
SUNNYVALE, Calif. – Feb. 24, 2016 – Exablox®, the award-winning company reimagining storage, today announced that it achieved more than 400 percent year-over-year revenue growth from 2014 to 2015. It attributed this growth to wins of high-profile customers – including Lockheed Martin, Virgin Media, Kawasaki Motors Manufacturing Corp., U.S.A. and Southwest Research Institute – as well as to strong repeat business. With the company's continued success across vertical markets such as manufacturing, high tech, higher education, healthcare, insurance and legal, and with customers deploying a greater amount of storage capacity per OneBlox®, the number of objects Exablox customers store increased 550 percent to more than 165 billion objects.
“Exablox delivers a unique scale-out architecture that not only enables us to grow storage as needed without replacing entire storage arrays every few years but also has the added benefit of built-in inline deduplication and compression, without the overhead you might see with legacy RAID-based storage solutions,” said Scott Roberts, IT manager at the Johns Hopkins University Human Language Technology Center of Excellence. “Our initial deployment in 2014 was only a few terabytes, and now we have grown to more than 700 terabytes. We expect that OneBlox, with its deduplication and compression capabilities, will satisfy our long-term custom language application storage requirements of more than a petabyte.”
"It's both gratifying and humbling to be in a position to help so many customers solve significant storage problems by using a completely new technological approach,” said Douglas Brockett, CEO of Exablox. “I'm proud of our team for the products they've created and thankful to our channel partners and customers for their part in driving Exablox's dramatic growth."
New Storage, Management Solutions Added in 2015
Exablox’s solution consists of OneBlox, an on-premises, object-based, scale-out storage appliance, and OneSystem®, a cloud-based storage management solution. Together, they provide a comprehensive cloud-managed storage solution combining the scalability of object storage with the compatibility of a traditional NAS appliance. OneBlox is ideal for unstructured data, backup/recovery and disaster recovery. The combination of OneBlox and OneSystem solves the complexity and data protection challenges of today's IT environments at one-tenth the cost of leading cloud-storage providers.
In 2015, Exablox introduced its second-generation storage solution, OneBlox 4312, which delivers up to 10 times the performance and twice the capacity of its first-generation solution, OneBlox 3308. More than 25 percent of the customers that purchased OneBlox in 2015 took advantage of the company’s scale-out architecture by making repeat purchases. The company also enhanced OneSystem, which enables organizations to manage their data anywhere and anytime through a web browser. OneSystem enables storage configuration, reporting and proactive health monitoring, which identifies potential problems. With the addition last year of Private OneSystem – an on-premises storage management solution – Exablox extended its use cases to address the security requirements of highly regulated industries.
Exablox further altered the storage landscape in 2015 when it became the first and only company to offer both inline variable and fixed-length deduplication as well as inline compression in a single storage pool. Both deduplication algorithms have their benefits, but until last year administrators were forced to choose one or the other. Now they can select the appropriate storage policy and customize data reduction techniques based on application type. This enables Exablox customers to realize data reduction ratios of up to 20:1 and to store more than 4 PB of data in a single global file system.
OneBlox Showcases HDD Flexibility with Toshiba and Dell Partnerships
Exablox demonstrated the flexibility and portability of its software solution with its rapid integration of Toshiba's Key Value Drives (KVDrives). The company showcased its unique scale-out, object-based NAS software on a Dell PowerEdge R220 server, which enables file-system access to applications through Kinetic API access to the KVDrives. The solution helps IT organizations cost-effectively deal with rapid and unpredictable data growth by delivering a rich set of storage features – compression, deduplication, continuous data protection and remote replication – as well as performance similar to that of traditional HDD-based primary storage.
Series C Funding Round Attracts New Investors
Due to its continued technology innovation and business progress, Exablox received $23 million in its Series C funding round, bringing its total funding to $45.5 million. New investors included Dell Ventures and Toshiba America Electronic Components, Inc., (TAEC); they joined existing funding partners Norwest Venture Partners, DCM Ventures and US Venture Partners.
Exablox is the company reimagining storage. Exablox solves businesses’ runaway storage costs and information management nightmares by providing a cloud-managed, scale-out, object-based solution that is affordable and easy to use. OneBlox is an inclusive storage offering that combines an elegant hardware architecture and integrated, enterprise-grade software, including inline deduplication, continuous data protection and disaster recovery. Exablox’s innovative approach to storage has led to widespread customer traction across verticals including higher education, healthcare, insurance and the legal as well as Fortune 500 companies. The company’s growing list of customers include Lockheed Martin, Equity Bank and NYU. Founded in 2010, Exablox is headquartered in Sunnyvale, Calif., and backed by leading Silicon Valley venture firms. Visit Exablox online at www.exablox.com and join the conversation at www.twitter.com/exablox.