As the New Year begins, we wish all our customers and business partners every success for the coming year! Here at VaultSpeed, we’re delighted with how things are progressing and we’d like to share with you some of our successes from 2021 and our ambitions for 2022.
New year 2022 update
January 10th, 2022
Data Vault 2.0 paving the way for automation
VaultSpeed has passed many milestones in 2021: in April, we raised €3.6 million in funding and by year-end we had achieved 327% growth in annual recurring revenue.
We have a window of opportunity as more and more companies have learned the hard way that they need to pay as much attention to good data as to the systems that create them. You can’t take a good analytics infrastructure for granted. Data Vault 2.0 is the data modeling and architecture approach that is one of the key components of that infrastructure. Market analysts estimate that 20 to 30% of today’s market in new data platforms chooses Data Vault. Leading system integrators who contact us to work together cite higher estimates, in the range of 30 to 40%.
We are convinced that Data Vault is becoming the de facto standard worldwide as it facilitates data warehouse automation, with its unique capability to load data efficiently, manage history and handle change. Moreover, it supports the modern data architectures, such as data hub and data mesh, that are currently gaining momentum. The VaultSpeed tool combines Data Vault modeling, the best automation and cloud-native performance, making data warehouse projects less error-prone and time-consuming. VaultSpeed is the most efficient, effective means for our customers to get a return on investment in data.
Bold choices and hard work are paying off
Five years ago, together with my co-Founder Dirk Vermeiren, and based on the problems we had encountered during 12 years of data integration practice, we decided to build the first data warehouse automation solution with Data Vault 2.0 as its foundation, to solve the problem of collecting the right data in the right way.
The VaultSpeed solution is designed as cloud native, which has proven to be the right bet from the start. Gartner predicts that by 2024, 50% of new system deployments in the cloud will be based on a cohesive cloud data ecosystem. And our team has worked hard to provide the best possible automation. Our relentless focus has been on providing a code-free approach to integrate and model different data from a multitude of sources and technologies, covering at this stage 2220 combinations. We don’t ask our customers to start writing code to make automation work for their specific data and technology stack. Customers looking back claim more than 400% efficiency gain in their first year using VaultSpeed. No wonder that we have 0% churn for the second year in a row.
2021: Global spread
Today, VaultSpeed attracts a lot of customers in the financial industry. We have a strong foothold in our home market in the Benelux, but we’re also signing up banks and insurance companies from the US to Japan. Apart from becoming truly global, we also see that we’re serving more market segments every day — energy, healthcare and manufacturing, to name a few — which proves that our solution is relevant for every industry. We’re the only SaaS vendor in the data warehouse automation market. Our funding has allowed us to provide integrations with the great vendors that are also part of the cloud movement, such as Matillion, Microsoft, Snowflake, Google, Databricks and Collibra.
And our automation tool is the first and only one that has got the official Data Vault 2.0 certification.
2022: Expansion, new partnerships and new customers
Next year looks promising and will be an exciting year for us. We will be disclosing new strategic hires and partnerships, and be more prepared than ever to support our existing customers and new customers to come. We will soon announce our new Vilnius (Lithuania) and Seattle (US) offices and invest in dedicated regional sales, partners, customer success and service experts who bring VaultSpeed close to the customer and help them get the most out of data warehouse automation.
Automation will play a vital role in all aspects of VaultSpeed’s key processes. From delivery and support to marketing and sales, we are ready to triple our customer base once more without losing any quality of service. We will more than double our Product and Engineering team to continue innovation and add functionalities that add value, improve the experience and make it easier for leading software and platform vendors to include VaultSpeed automation in a best-of-breed analytics ecosystem. And we will keep on pushing to bring automation one step up.
A matter of decency
To us, building an automation tool that truly delivers is a question of, well, plain decency. As an architect of one of our recently-acquired banking customers explained, “it takes time to evaluate your technology because we’re placing VaultSpeed at the heart of our bank’s data architecture.”
Decency has been a driving force for us since our foundation. Our goal has always been to align the interests of our customers and shareholders. Back then, before scaling up, decency meant building a working solution that we would be able to offer at a fair market price, under proper conditions backed by A-level support. As we continue to grow, decency means no overpromising or marketing without rock-solid substance, every step of the way.
And as we witness every day, decency as the core of our value system attracts the staff, partners and customers we love to work with.
