Silk Drives 70% ARR Growth in FY2023
Summary
Fueled by Demand to Modernize Business-Critical Applications, Automation, and AI Silk today announced that its Annual Recurring Revenue (ARR) grew by 70% for fiscal year 2023, which ended Dec. 31, 2023. • Wayfair, a furniture and home goods e-commerce company, successfully exited their data center and now runs their business-critical applications in the cloud without the need to refactor. This solution combines Silk’s active-active structure that avoids any single point of failure and our self-healing algorithms to minimize cloud turbulence with native three-way mirroring of the underlying data. To better support customers, Silk has extended partnerships to several key cloud-centric partners to deliver a proven approach to migrating and running applications in the public cloud. Silk enables organizations to migrate and run their most complex business-critical applications in the public cloud while continually optimizing performance, reliability, and costs.