SAN FRANCISCO – January 25, 2018 – StreamSets Inc., provider of the industry’s first enterprise data operations platform, announced today that it has kicked off the new year with a number of notable successes. For 2017, StreamSets achieved a fivefold increase in revenue and annual recurring revenue. In addition, the company has significantly grown its customer base. With two new products announced in recent months and a large community of users driving additional momentum, 2018 is poised to be another banner year for the growing company.
StreamSets’ impressive growth is being driven by accelerating demand for the industry’s only data operations platform. In the past four quarters, StreamSets has tripled its number of customers, which span verticals such as banking, healthcare, media, technology and retail across five continents. These customers feature some of the world’s largest companies, including five of the Fortune 50 and two of the 20 largest private companies in the United States.
One marquee customer is healthcare and pharmaceuticals leader GSK, which has implemented StreamSets as part of its R&D Informational Platform (RDIP).
“GSK has more than 10,000 scientists who need access to millions of diverse data elements, from genome sequences to experiment, clinical trial and even insurance claim data,” said Mark Ramsey, SVP of R&D Data at GSK. “With StreamSets, we were able to deploy a million pipelines for thousands of data sources to our data lake in a matter of months, quickly creating a large-scale, production-level R&D data platform that drives innovation.”
At the end of 2017, StreamSets added two key products to its platform: SDC Edge™ and StreamSets Control Hub™. SDC Edge is an open source ultralight data ingestion solution for edge systems both in the data center and in the wild, which extends dataflow execution out to resource-constrained systems such as IoT devices as well as network infrastructure and endpoints whose data is critical to cybersecurity initiatives. StreamSets Control Hub is a cloud-native offering that brings discipline to building and deploying many-to-many dataflows, greatly accelerating time to value for data-driven applications, while also slashing development and operations costs.
As the platform has expanded, so has the popularity of the open source StreamSets Data Collector™, which has now surpassed 1 million downloads since its launch in late 2015. The number of active members in the open source community more than tripled over 2017 and the product has been identified as being in use at thousands of companies.
StreamSets has been acknowledged by others. It was one of four companies recognized as a Cool Vendor in Gartner, Inc.’s “Cool Vendors in Data Management, 2017” report.* Separately, StreamSets was ranked No. 3 on the FORTUNE and Great Places to Work national list of “2017 Best Small & Medium Workplaces.”
“Our rapid customer adoption and revenue growth demonstrate the demand for performance management of data as it moves across the enterprise,” said Girish Pancha, CEO of StreamSets. “StreamSets is key to operationalizing data architectures, which now encompass numerous platforms including Apache Hadoop, Apache Kafka, Amazon AWS, Microsoft Azure and Google Cloud Platform. Our 2017 accomplishments are a foundation for continued momentum as companies modernize their efforts in IoT, cybersecurity, customer 360 and other data-driven initiatives.”
*Source: Gartner, “Cool Vendors in Data Management, 2017” Adam M. Ronthal et al, 28 April 2017.
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StreamSets created the industry’s first data operations platform, reinventing how enterprises deliver timely and trustworthy data to their critical applications. It combines award-winning open source software for the development of any-to-any dataflows that uniquely handle data drift with a cloud-native control plane that centralizes building, executing and operating dataflow topologies. Founded by Girish Pancha, former chief product officer of Informatica, and Arvind Prabhakar, a former engineering leader at Cloudera, StreamSets is backed by top-tier Silicon Valley venture capital firms, including Battery Ventures, New Enterprise Associates (NEA), and Accel Partners. For more information, visit www.streamsets.com.
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