Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Cribl Surpasses $100M in Annual Recurring Revenue in Less Than Four Years

Published

on

cribl-surpasses-$100m-in-annual-recurring-revenue-in-less-than-four-years

Data company launches Cribl.Cloud in Europe and appoints industry veterans Matthew Kelly and Grigori Melnik to lead security and product to fuel next phase of growth
SAN FRANCISCO, Oct. 25, 2023 /PRNewswire/ — Cribl, the data engine for IT and Security, announced today that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years. Cribl becomes the fourth-fastest infrastructure company to reach centaur status, following Wiz (1.5 years), HashiCorp (3 years), and Snowflake (3.5 years), and just ahead of Datadog (4.5 years)1. To fuel its next phase of growth, the data company has launched Cribl.Cloud in Europe, bringing the industry’s leading observability pipeline, intelligent agent, and first search-in-place solution to global customers. Cribl also appointed Matthew Kelly as SVP of Legal, Security, and IT, and Dr. Grigori Melnik as SVP of Product to help drive future growth and innovation.

“As a future public company, this is an important milestone for us. Becoming one of the fastest companies to reach $100 million in ARR highlights our unique position in the market as the data engine for IT and Security,” said Clint Sharp, Co-Founder and CEO at Cribl. “What’s most exciting about reaching this milestone as a data company is that we can continue to build a market specifically for IT and Security, with products purpose-built for our customers’ needs. I’m thankful for our customers, partners, investors, and employees for helping us get to this point, and I look forward to what we will accomplish together in the future.”
Cribl continues to see growing customer demand for its products, including triple digit ARR and customer growth in its most recent fiscal year. Cribl customers now include one-third of the Fortune 100 companies and its partner ecosystem continues to expand with recent strategic partnerships announced with AWS, CrowdStrike, and Exabeam. Cribl also boasts a total net dollar retention (NDR) of more than 145% over the last 12 months, besting the average NDR of 120% for infrastructure SaaS companies2 and demonstrating the impressive momentum behind a purpose-built data engine for IT and Security.
Cribl now belongs to an elite class of companies that has reached the $100 million in ARR milestone. It’s estimated that only 0.02% of companies ever reach $100 million in ARR3––a feat that’s around seven times more rare than unicorns4.
“By surpassing the $100 million ARR milestone so quickly, Cribl has shown its strength in the market with growing customer demand and innovative products that are providing massive value to their customers,” said Scott Raney, Managing Director at Redpoint Ventures. “Cribl is reshaping what it means to be a data company by building products specifically catered to IT and Security teams, and we’re excited to continue to partner with them along this journey.”
Cribl’s momentum and leadership has been recognized throughout the industry in 2023, including recently being named to the Forbes Cloud 100, InfraRed 100 by Redpoint, Enterprise Tech 30 by Wing Venture Capital, Ecosystem Innovator of the Year by CrowdStrike, and the No. 1 Highest-Rated Private Cloud Company to Work For by Battery Ventures.
Cribl.Cloud Now Available in EuropeCribl has launched an international cloud region, located in Frankfurt, Germany, which makes Cribl’s full suite of products available to customers in Europe. Cribl Stream, the industry’s leading observability pipeline, and Cribl Edge, an intelligent vendor-neutral agent, are now available to global customers both on-premises and via Cribl.Cloud. For the first time, the industry’s first search-in-place solution, Cribl Search, is available in Europe, allowing customers to search data without having to collect and store it first, which avoids the expense and complexity of having to ingest all raw data.
In addition to bringing the full suite of Cribl products to Europe, this new cloud region supports low latency architecture, saves on data transfer costs, and enhances data security. Cribl has achieved SOC 2 Type II and ISO 27001 certifications, and is fully compliant with the European Union’s General Data Protection Regulation. To support customers globally, Cribl continues to make investments throughout the region, including building its team across Europe.
Cribl Adds Industry Veterans to Executive TeamCribl has added two new leaders to its executive team. Matthew Kelly joins Cribl as SVP of Legal, Security, and IT. In this new role, Kelly will guide the company through its security and compliance roadmap, prioritizing the security of the company and its customers. Kelly has a long history in the industry, beginning his career with a Bay Area law firm, then helping to scale the legal and compliance functions at ServiceNow from IPO to $1 billion in annual revenue, and most recently leading global legal affairs, security, IT, and global real estate functions for ThoughtSpot.
Dr. Grigori Melnik joins Cribl as SVP of Product, where he will oversee the product management, UX, and technical documentation teams. Dr. Melnik brings deep product expertise and market knowledge to Cribl, having spent 25 years in the industry at companies including Microsoft, Splunk, MongoDB, and most recently Tricentis where he was Chief Product Officer.
Read more about how Cribl is building the future of data for IT and Security in CEO Clint Sharp’s blog.
About CriblCribl makes open observability a reality for today’s tech professionals. The Cribl product suite defies data gravity with radical levels of choice and control. Wherever the data comes from, wherever it needs to go, Cribl delivers the freedom and flexibility to make choices, not compromises. It’s enterprise software that doesn’t suck, enables tech professionals to do what they need to do, and gives them the ability to say “Yes.” With Cribl, companies have the power to control their data, get more out of existing investments, and shape the observability future. Founded in 2018, Cribl is committed to being the data engine for IT and Security with a remote-first workforce and an office in San Francisco, CA. For more information, visit www.cribl.io or our LinkedIn, Twitter, or Slack community.
Media Contacts:
Mike [email protected]
Amy McDowellOffleash PR for [email protected]
1 Redpoint InfraRed 100 Report, Redpoint, July 17, 2023, 24.2 InfraRed 100 Report, 18.3 Millard, S. Analysing the reality of the $1 to $100m journey in SaaS. Notion Capital. 4 The Centaur Report, Bessemer Venture Partners, August 9, 2022.
Logo – https://mma.prnewswire.com/media/1313651/4361156/Cribl_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/cribl-surpasses-100m-in-annual-recurring-revenue-in-less-than-four-years-301966688.html

Continue Reading

Artificial Intelligence

Sendbird Unveils Easy-to-Use AI Chatbot Tailored for Small Businesses

Published

on

sendbird-unveils-easy-to-use-ai-chatbot-tailored-for-small-businesses

SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ — Sendbird, a leading communications platform for web and mobile apps, has launched its AI chatbot, designed for easy setup and tailored to help small-to-medium-sized businesses (SMBs)  in various customer-facing sectors like e-commerce and healthcare. This affordable, no-code solution aims to enhance customer engagement and support. Businesses can access an AI chatbot starter package offering features such as chatbot personas creation, knowledge enrichment, workflow integration, and performance tracking analytics, all without requiring technical skills.

Furthemore, Sendbird has unveiled a developer-centric Pro package, which simplifies mobile app integration and provides more workflows and function calls for third-party software connections. These connections empower the AI chatbot to expand its capabilities and improve the competitiveness. For instance, the AI chatbot can offer personalized recommendations for flights, accommodations, or products.
Sendbird’s no-code AI chatbot seamlessly integrates with Sendbird Desk, its in-app chat customer service solution, providing businesses with a unified sales or support desk. This integration boosts automated efficiency while maintaining a nuanced understanding of human support, leading to swifter, more accurate responses and increased customer satisfaction.
Built on a real-time communication platform trusted by industry leaders like Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, Krafton, Sendbird’s AI chatbot ensures seamless integration with both websites and mobile applications. This enables businesses to streamline support processes, save time, and allocate resources effectively, exceeding customer expectations.
Sendbird CEO and Co-founder John S. Kim emphasizes the importance of making AI accessible to SMBs, stating, “Today, large enterprises and consumer brands effectively use AI to engage with their customers. But there is no way for a small company to compete. What we aim to do with our no-code AI chatbot is to make that technology accessible to SMBs.”
To explore the benefits firsthand, businesses can access a free trial of Sendbird’s AI chat bot at sendbird.com/products/ai-chatbot. Additionally, to enhance superior customer support and engagement further, go to Sendbird Desk at sendbird.com/products/customer-support.
About Sendbird
Sendbird is the all-in-one communication platform empowering web and mobile applications with customizable user experiences. Sendbird’s cutting-edge APIs unlock the potential of AI-powered chatbots, one-way notification messages, chat, video calls and live streaming, tailored for use in commerce, marketing, and exceptional customer support. Trusted by industry leaders such as Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, and Krafton, Sendbird powers over 7 billion interactions monthly for over 4000+ applications worldwide.
Photo – https://mma.prnewswire.com/media/2345983/Sendbird_Korea__Inc__Photos_attached_to_press_releases_20240220.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sendbird-unveils-easy-to-use-ai-chatbot-tailored-for-small-businesses-302069747.html

Continue Reading

Artificial Intelligence

Vieworks Unveils Cutting-Edge X-ray Imaging Solutions at ECR 2024

Published

on

vieworks-unveils-cutting-edge-x-ray-imaging-solutions-at-ecr-2024

ANYANG, South Korea, Feb. 27, 2024 /PRNewswire/ — Vieworks, a leading provider of medical and industrial X-ray imaging solutions, is gearing up to showcase its innovative lineup at the European Congress of Radiology (ECR) 2024, scheduled from February 28 to March 3 in Vienna, Austria. Vieworks will introduce a range of groundbreaking solutions including the VXvue software with AI diagnostic support for both human and veterinary applications, alongside X-ray flat panel detectors (Hall X3, Booth 324).

At the exhibition, Vieworks will unveil a total of 19 products, featuring 15 static and dynamic flat panel detectors accompanied by dedicated image acquisition software. Particularly noteworthy will be the introduction of the enhanced VXvue software integrated with AI diagnostic support solutions. 
Vieworks’ large-format and large-area detector products (VIVIX-S 1751S, VIVIX-S 4747V) are designed to optimize full-spine, half-body, and large-area imaging, offering static image detectors capable of capturing wider area images in a single scan compared to conventional models, thereby reducing patient radiation exposure. With advantages such as high resolution and swift image acquisition, these detectors enable more efficient diagnosis.
In addition to these innovations, Vieworks will showcase a variety of its flagship products, including FPDs for general radiography (VIVIX-S V, VIVIX-S F series), portable C-arms and fluoroscopy applications (VIVIX-D series), and digital detectors for breast examination (VIVIX-M series).
Developed in-house by Vieworks, VXvue is a user-centric image processing software designed to post-process clinical images acquired through X-ray detectors. With recent enhancements, VXvue can analyze X-ray clinical images of animals such as dogs and cats, providing abnormal findings related to musculoskeletal and thoracic diseases within 15 seconds. By offering post-processing of images along with information on the location of ailments and their probability, VXvue is poised to significantly improve the diagnostic process for veterinarians.
VXvue also offers advanced solutions for human application, incorporating the ‘PureImpact™’ technology, a high-performance image processing algorithm that enhances image clarity, and AI. This enables detailed depiction of soft tissue and skeletal structures with minimal radiation exposure.
A Vieworks spokesperson stated, “This year, we will continue to invest in innovative technologies such as AI to advance our product diversification and technological sophistication. Through these efforts, we aim to secure loyalty from our key customers in North America and Europe and expand our market share.”
ECR, regarded as one of the world’s largest congresses alongside the Radiological Society of North America (RSNA), anticipates participation from over 240 companies representing 35 countries.
About Vieworks Co., Ltd.
As a global leader in digital imaging in various applications from medical x-ray imaging to industrial x-ray inspection, Vieworks offers the most advanced x-ray flat panel detectors and software as a solution to the world. Vieworks creates new standards in the imaging industry by providing professionals with the most valued and high-quality images and offering innovative vision and insight for all. For more information, please visit xrayimaging.vieworks.com.
Photo – https://mma.prnewswire.com/media/2345973/03_FW_set.jpg

View original content:https://www.prnewswire.co.uk/news-releases/vieworks-unveils-cutting-edge-x-ray-imaging-solutions-at-ecr-2024-302073224.html

Continue Reading

Artificial Intelligence

Geotab Brings Conversational AI to Connected Transportation Solutions at Mobile World Congress

Published

on

geotab-brings-conversational-ai-to-connected-transportation-solutions-at-mobile-world-congress

Demonstrates Geotab Ace with AI capabilities to interpret complex data with natural-language processing – a game-changer in connected vehicle transformationEnables fleets to make faster data-driven decisions based on safety, route planning, maintenance schedules, sustainability, and moreVisit us for the Geotab Ace demo on the Ontario Canada exhibition in Hall 7, 7G61, Kiosk 11 at MWC
BARCELONA, Spain, Feb. 27, 2024 /CNW/ – Geotab Inc. (“Geotab”), a leading connected vehicle technology provider, will demonstrate its industry-first generative AI assistant for connected transportation, Geotab Ace, at Mobile World Congress. Geotab Ace is fueled by data-led AI processing capabilities analyzing more than 75 billion data points daily across global telecoms networks. Deeply integrated into MyGeotab, Geotab Ace instantly generates insights, while democratising and streamlining access to information to unlock new value from fleet data. 
Geotab Ace was launched earlier this month at Geotab Connect, with the first public demonstrations of the AI copilot being debuted at Mobile World Congress. Geotab Ace has access to an expansive array of insights, including predictive safety analytics, predictive maintenance, trip data, zone activity, electric vehicle statistics, exception events, GPS tracking, and more. This allows it to provide nuanced answers to a broad range of complex questions while remembering past interactions to improve future responses. Geotab Ace is built on privacy-by-design principles and keeps all customer telematics data within Geotab’s environment, never shared with any Large Language Model (LLM).
Enhancements to the user experience include tailored insights through intuitive dialogue with natural language processing – allowing organizations with fleets to extend on-demand insights in areas including safety, operations, maintenance, efficiency, and sustainability to assess the performance of their vehicles, assets, drivers, and more in simple, easy-to-understand terms.
Fleets can now significantly reduce the time taken to gain insights and access customized data reflections that are tailored to their specific needs, enhancing their capacity and expediency for making data-driven decisions.
“By bringing the intuitive simplicity of conversational AI directly into the Geotab platform, we are transforming the way fleets interact with their data, crafting a future where insights are immediate, intelligent, and instrumental to success,” said Edward Kulperger, Senior Vice President, Geotab EMEA. “It embodies our mission to simplify data analysis and unlock a world of trustworthy, insightful and actionable fleet intelligence.”
Geotab’s position as an industry trailblazer is reinforced by its 4 million globally connected vehicles, 50,000 customers across 160 countries, and an extensive telecoms carrier and partner network. This depth of expertise and global scale enables the company to develop unprecedented AI models, unlocking unmatched value and efficiency for fleets around the world.
Geotab Ace will be available to be experienced hands-on in the Ontario (Canada) Pavilion in Hall 7, 7G61, Kiosk 11 at Mobile World Congress from February 26 – 29, 2024.
To learn more about Geotab Ace, visit https://www.geotab.com/uk/ace/..
About GeotabGeotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organizations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace offers hundreds of third-party solution options. Backed by a team of industry-leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com, follow @GEOTAB on Twitter and LinkedIn, or visit the Geotab Blog.

View original content:https://www.prnewswire.co.uk/news-releases/geotab-brings-conversational-ai-to-connected-transportation-solutions-at-mobile-world-congress-302073127.html

Continue Reading

Trending