Streaming data lake company saves organizations as much as 75%
on data costs, awarded as a disruptive and innovative company in
the enterprise software market.
PORTLAND, Ore., June 4, 2024
/PRNewswire-PRWeb/ -- Hydrolix, a streaming data lake company that
is disrupting the economics of big data, has been awarded a Digital
Innovator 2024 Award from Intellyx, an industry analyst firm that
focuses on enterprise digital transformation and the disruptive
vendors that support it. The Hydrolix platform offers enterprises
with data-intensive applications real-time performance metrics at a
fraction of the cost of other data solutions.
It's part of our mission to reduce the
anxiety that comes with increasing volumes of data as companies
scale, and we're grateful for the exposure this award offers so we
can help even more enterprises manage their data cost-efficiently
and securely.
The Hydrolix cloud data platform is different from other data
cost management options because it combines real-time stream
processing, advanced data compression, decoupled storage, and
low-latency indexed search to create a high performance log
management system that delivers real-time query performance at
terabyte-scale for a radically lower cost.
"Being recognized as an innovator in a sea of enterprise
software solutions is a solid proof point around not only the
maturity of our solution but also for the pressing need of what
we've built," said Marty Kagan,
co-founder and CEO at Hydrolix. "It's part of our mission to reduce
the anxiety that comes with increasing volumes of data as companies
scale, and we're grateful for the exposure this award offers so we
can help even more enterprises manage their data cost-efficiently
and securely."
Intellyx interacts with numerous innovators in the enterprise IT
marketplace, identifying the trailblazing companies as recipients
of the Intellyx Digital Innovator Award, putting a spotlight on
vendors worth watching. The company recently closed a $35 million Series B round led by S3 Ventures.
Prior investors such as Nava Ventures, Wing Ventures, AV8 Ventures
and Oregon Venture Fund also participated in this round, which
brings the company's total funding to date to $68 million. Hydrolix has recently hit its
stride, doubling revenues in Q3 and Q4 in 2023 and growing another
75% in Q1 of 2024. Hydrolix also received a Data Breakthrough Award
for "Cloud Enterprise Data Warehouse Solution of the Year." Read
more about the company's growth here:
https://hydrolix.io/blog/building-for-global-scale/.
"At Intellyx, we get dozens of PR pitches each day from a wide
range of technology vendors," said Jason
Bloomberg, president of Intellyx. "We will only set up
briefings with the most disruptive and innovative firms of the lot.
That's why it made sense for us to call out the companies that made
the cut."
The official announcement from Intellyx can be found here.
About Hydrolix
Hydrolix is the only data lake platform transforming the economics
of log data. With a unique combination of stream processing,
decoupled storage, high-density compression and indexed search,
Hydrolix's platform delivers real-time query performance at
terabyte scale while dramatically reducing the cost to store and
use log data. The platform powers data-intensive applications to
elevate business intelligence, optimize operations, and drive
growth. Companies worldwide deploy Hydrolix for a wide range of use
cases, including security, observability, content delivery, digital
advertising, AI/machine learning, and regulatory compliance.
Founded in 2018 and based in Portland,
Ore., Hydrolix is trusted by Fortune 500 companies across
diverse industries. For more information, visit
https://hydrolix.io.
Media Contact
Cristin Connelly, Hydrolix,
4049316752, cristin@cathey.co, www.hydrolix.io
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SOURCE Hydrolix