WekaIO Nearly Quadruples Growth in Cloud Deployments YoY on COVID Surge
WekaIO (Weka), the innovation leader in high-performance and scalable enterprise-grade file storage, leveraged its capabilities in overcoming the challenges of performance and scale in today’s data centers to expand business opportunities in target use cases that include artificial intelligence (AI), deep learning (DL), machine learning (ML), high performance data analytics (HPDA), financial services (FinServ), high-performance computing (HPC), and life sciences research.
Among the successes Weka achieved throughout 2020 include a 350 percent year-over-year increase in its cloud business, while on-premises revenues more than doubled year-over-year for the company. Additionally, customer confidence was strong with a 95 percent re-purchase rate, with re-purchases generally 500 percent higher than the original purchase.
Today, 8 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 global pandemic indicate that Weka 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 significant product innovations further solidifying its leadership 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 plugin 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.