Scality accelerates with record-breaking Q4 and 30% YoY annual growth in 2020
SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ -- Scality, the object storage pioneer, achieved worldwide annual growth of 30% year over year, successfully navigating an unprecedented 2020 with the largest quarterly revenue results in the company's 10-year history. Results were fueled by ever-increasing customer demand for large-scale data management solutions in hybrid and multi-cloud environments, the company announced today.
Scality's enterprise customers now span 43 countries across multiple industries, including healthcare, financial services, cloud service providers, government agencies and media content deliverers. Customer investments grew the most in the areas of all-flash file and object storage solutions, as well as S3 hybrid-deployments across AWS, Microsoft Azure and Google Public Cloud.
Additional highlights of Scality's growth in 2020 include:
Jerome Lecat, CEO, Scality, said: "In 2020 customers entrusted us with their most valuable asset, their data. As they faced accelerated digital transformation, Scality worked tirelessly to make data more accessible for faster, smarter business decisions. Moving into 2021, we remain committed to being a source of continued stability and innovation despite fluctuating headwinds."
Jason Donohue, chairman of the board, Scality, said: "Investors committed $20M in new financing to Scality for investment in R&D, customer support and sales. With Scality now funded to profitability, this new financing gives the company the push it needs to continue on its long-term, rapid growth curve. Along with its impressive growth last year, Scality came much closer to profitability in 2020 and, with this new investment, we anticipate the company will reach profitability in 2021."
Read more in our blog: Reflections on 2020, the year of resilience
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