Company sees over 350% year-over-year Astra DB growth as enterprises including Freshworks, Recruiter.com and Trigyn select its serverless database to scale real-time data without limits on any cloud
DataStax, the real-time data company, announced a strong Q1 FY23, highlighting over 350% year-over-year sales growth for Astra DB, its award-winning serverless, multi-cloud database. In addition, over 50% of DataStax’s new annual recurring revenue was attributed to Astra DB as organizations from around the globe look to its scale, performance and pay-as-you-grow affordability to deliver the real-time applications that fuel their business.
DataStax also recorded nearly 120% net dollar expansion and over 90% gross dollar retention year-over-year, a strong testament to the company’s award-winning customer service and trust in its unified open stack.
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“Delivering stellar customer experiences is no longer a luxury, but a mandate”
“Delivering stellar customer experiences is no longer a luxury, but a mandate,” said Prasad Ramakrishnan, CIO of Freshworks. “Our 50,000+ customers around the globe turn to Freshworks to understand the experiences their customers have when engaging with their brand. With Astra DB, we have the global-scale, high-performance and zero-downtime we need and our customers have the gold mine of customer experience data they need to create delightful experiences at scale.”
“We live in a time when real-time applications are the engines of innovation,” said Chet Kapoor, DataStax chairman and CEO. “Software developers are on the front lines tasked with bringing these applications to life – only hindered by their imaginations and the technologies available to them. Astra DB is unlocking developer creativity with access to the world’s best and most scalable cloud data stack that makes the data available in real time and empowers them to build the digital experiences that are driving businesses forward.”
According to IDC FutureScape: Worldwide Data and Content Technologies 2022 Predictions, by 20241, net-new production-grade cloud-native apps will increase to 70% of all apps because of the adoption of technologies such as microservices, containers, dynamic orchestration, and DevOps. This represents a fundamental shift in business strategy — moving beyond product differentiation and pricing toward ecosystem-based value creation and the transformation into digital-native enterprises.
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