I’m excited to announce that Instaclustr has raised $15 million from New York City-based private investment firm Level Equity and a number of our existing investors. We will immediately begin using the capital to accelerate the expansion of our managed platform offering core open source technologies.
Our business is growing tremendously – we now serve more than 100 customers across a breadth of industries and use cases, and we expect the revenue growth of 300% that we’ve achieved over the past two years to continue apace. To meet the rising demands that this places on our organization, Instaclustr will be growing internally as well – in particular, we will be expanding our sales and support teams and plan to double our headcount over the coming year.
This new funding will allow us to introduce additional open source technologies to our Open Source-as-a-Service platform. More specifically, managed solutions for Elasticsearch, Apache Ignite, and Apache Flink will soon to join Apache Cassandra, Apache Spark and Apache Kafka among our fully hosted and managed big data technology solutions. We’ll also be adding other data-centric open source technologies that integrate well and that are ideally suited for supporting the scale, high availability, and performance demanded from our customers’ next-gen applications and solutions.
As we expand our automated and proven platform for database, analytics, search, and messaging services, we look forward to reaching more organizations seeking to optimize their data-related performance, reliability, security, and scalability. At the same time, we’ll continue to ensure that our customers get the most production value from our array of powerful open source data solutions – and do so within our fully managed environment that frees up their IT resources and budget.
Peter Nichol, CEO