OAKLAND, Calif., April 03, 2019 (GLOBE NEWSWIRE) -- Gravitational, the company that helps companies to securely deliver their applications into any environment, announced record growth in 2018 by tripling its number of enterprise customers, doubling its revenue, nearly tripling downloads of its Community edition software (OSS) and even ended the year profitable. The Oakland-based startup is poised for greater 2019 growth after more than tripling its bookings in Q1 year-over-year.
Gravitational has made strides in the open source community with updates to its popular Kubernetes application packaging solution, Gravity, and modern privileged access management system for cloud-native infrastructure, Teleport. Both technologies streamline the grueling processes associated with multi-cloud application delivery and management.
New customers in 2018 include Samsung, Telefonica, Sumo Logic, Snowflake Computing, Epic Games and Under Armour.
“Our team comes from a cloud computing background and we are solving problems that we have previously experienced ourselves when building and running complex cloud applications,” said Ev Kontsevoy, Chief Executive Officer at Gravitational. “Our mission is to make cloud-native software run by itself. As cloud technologies have made server administration a thing of the past, we are pushing forward to make security, compliance and application portability accessible by application developers without having to rely on dedicated teams assigned to these tasks. We attribute our current success to a deep understanding of larger market needs and our commitment to keeping our solutions open source.”
Gravitational Bolsters Leadership Team
Gravitational has also appointed a new head of marketing and head of sales in order to scale its enterprise go-to-market. The company’s leadership team expansion brings industry expertise to meet the high performance demands of the enterprise market including:
- Bardia Shahali, who joined Gravitational as Head of Sales. Bardia has extensive expertise in software sales and offers deep technical prowess in the cybersecurity and developer industry; and
- Jon Silvers, who joined Gravitational as Head of Marketing. Jon has over 20 years of enterprise experience building successful marketing programs and has a deep understanding of the emerging technology landscape.
Gravitational is hiring across sales, marketing and engineering departments. Open positions can be found here.
About Gravitational
Gravitational, headquartered in Oakland, builds open-core infrastructure software solutions that enable enterprises to deploy, access and run their cloud-native applications in restricted environments where compliance matters. The company offers two open-core products, including Teleport, a security gateway for privileged access management, and Gravity, a Kubernetes appliance for packaging cloud-native apps for on-prem deployments. Both startups and enterprises use Gravitational products to run applications securely, everywhere, including Anaconda, Gladly, Mulesoft, NASDAQ, Samsung, Ticketmaster, and more. Gravitational was founded in 2015 and is backed by leading investors such as YCombinator, CrunchFund, Spectrum 28, and SV Angel.
More information about Gravitational can be found at http://www.gravitational.com.
Media Contact:
Sophia Xepoleas
P: 415.247.1664
E: gravitational@merrittgrp.com