Delphix Announces $75 Million in New Funding Led by Fidelity Investments
Company Plans to Use Capital to Meet Accelerating Demand for Data as a Service Software
MENLO PARK, Calif., July 13, 2015 - Delphix, the market leader in Data as a Service, today announced a $75 million oversubscribed round of funding led by Fidelity Management and Research Company. Additional investors include Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management, The Kraft Group, and existing investors, including Greylock Partners, Lightspeed Venture Partners, and Icon Ventures.
The additional capital will enable Delphix to quickly scale sales, marketing, and operations across global geographies and maintain its leadership in Data as a Service (DaaS), a disruptive and transformative market that accelerates application releases and cloud migrations, while reducing IT costs.
"Applications have become a highly contested battleground for businesses across all industries," said Jedidiah Yueh, Delphix Founder and CEO. "Data as a Service helps our customers complete application releases and cloud migrations in half the time, by making data fast, light, and unbreakable--a huge competitive advantage."
In addition, the investment will allow the company to aggressively invest in cloud, analytics, and data security technologies to drive more value for customers of its Data as a Service platform.
"At Delphix, our mission is to help companies unlock the value of data trapped in heavyweight legacy infrastructure and databases," said Yueh. "With our virtualization, masking, and self-service delivery technologies, we can deliver data 100x faster than traditional methods, while consuming 10x less infrastructure."
Delphix Accelerates Business Growth and Momentum
Delphix was founded in 2008 and emerged from stealth mode two years later in September 2010. The company has come of age as an IT industry leader, demonstrating tremendous business growth and momentum since its last financing round over three years ago, including:
Enterprise customers and global footprint: Delphix now has more than 15 percent of the Global 500 and 25 percent of the Global 100 as customers, and supports customers in more than 20 countries around the world.
Vertical industry leadership: Delphix customers include No. 1 industry leaders across all major verticals, including financial services, insurance, telecommunications, government, high technology, retail, healthcare, and pharmaceuticals.
Technology leadership: Delphix has added broad support for virtualizing and delivering data across the major databases and data warehouses in the market, including Oracle, Oracle RAC, Oracle Exadata, Microsoft SQL Server, IBM DB2, SAP ASE, PostgreSQL, and others. In 2015, Delphix acquired its first company, data-masking leader Axis Technology Software.
Industry analyst recognition: Delphix was placed in the Leaders quadrant of Gartner's 2015 Magic Quadrant for Structured Data Archiving and Application Retirement.1
Industry awards and listings: Numerous publications and analyst firms recognized Delphix and its customers, including CRN 2015 Virtualization 50, Computer Weekly Best Datacentre Project of the Year, Computing Vendor Excellence Awards, DBTA 100, Forbes Top 25 of America's Most Promising Companies, Frost & Sullivan CIO IMPACT Awards, Gartner Cool Vendors in Storage Technologies, Red Herring Top 100, and San Francisco Business Times Tech and Innovation Awards.
"We've grown revenue at a 220 percent CAGR over the last five years while primarily funding operations from cash flow," said Stewart Grierson, Delphix CFO. "We have a proven business model and the market has validated our technology. This financing will give us the flexibility to invest for further scale and cement our leadership position in the DaaS market."
Delphix is the market leader in Data as a Service, which helps enterprises accelerate application projects by 50 percent, including cloud migrations, custom development, and ERP rollouts. Delphix provides its DaaS Platform as on-premises or cloud software that automatically delivers the right data to the right team at the right time, instead of relying on complex processes and multiple IT teams to manually move unsecured data across systems. More than 25 percent of the Global 100 use Delphix to deliver data 99 percent faster across development, testing, and reporting environments, driving dramatic increases in productivity while improving data security. Delphix is headquartered in Menlo Park, California, with offices around the world.
Delphix is a trademark of Delphix Corp. in the United States and other jurisdictions. All other marks and names may be trademarks of their respective organizations. The use of the word "partner" or "partnership" does not imply a legal partnership relationship between Delphix and any other organization.
1 Gartner, Magic Quadrant for Structured Data Archiving and Application Retirement, Garth Landers, Alan Dayley, Sheila Childs, 16 June 2015
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