It’s only been six months since cloud data warehousing company Treasure Data launched its services, but they’re already reporting some impressive growth figures.
Treasure Data achieved month-to-month profitability last year, and they’re well on track to achieve a 500 percent increase in revenue this year. They’ve also amassed 50 high-profile clients, which include a leading social gaming company, a mobile advertising platform based in France, and some other Fortune 500 companies – unsurprisingly, Treasure declined to name names.
Treasure Data is basically a massive warehouse in the cloud for companies to store their data. Big companies like IBM, Oracle, and Teradata offer data services as well, but with their rates going as high as $5 million, that’s not something every business can afford.
Treasure Data, on the other hand, costs $1,500 to $2,500 a month with a year-long commitment. That’s a low enough price point for companies that can’t afford or do not have the resources to roll out services of their own.
They’re also launching a new distributed database called Plazma, which offers significant improvements over HDFS (Hadoop Distributed Files System). Plazma is significantly better than HDFS precisely because it’s more efficient and is able to compile and parse data at a much faster rate.
“The reason we did this was for robustness, reliability, and performance,” says Kiyoto Tamura, VP of Product at Treasure Data. “Hadoop distributed several problems around reliability, and we knew we could do better.”
With Plazma, Treasure Data boasts that their systems are processing more than 300 billion data points every day.