Lightbits Labs Closes Q1-2025 with Record-Breaking Growth
15.4.2025 15:01:00 CEST | Business Wire | Press Release
Lightbits Labs (Lightbits®), the inventor of the NVMe® over TCP protocol offering next-gen software-defined storage for modern workloads, today announced record-breaking growth for Q1’25. This milestone reflects strong global demand for infrastructure modernization that models Cloud Operations enabled by high-performance block storage offering flexibility, reliability, and cost-efficiency at scale.
The breakout quarter for Lightbits, marked by a 4.8X increase in software sales and a 2.9X increase in average deal size, is fueled by a surge in new customers and strong customer loyalty, as evidenced by an impressive 2X YoY license increase. New account growth was particularly strong among financial services, service providers, and e-commerce organizations who require high-performance, low-latency at massive scale.
A strong standout use case for Lightbits was among AI Cloud service providers. Crusoe expanded its use of Lightbits to power high-performance, multi-petabyte-scale AI cloud services. Elastx implemented Lightbits to support secure, scalable, and sustainable OpenStack, Kubernetes, and AI cloud services. And cloud company Nebul uses Lightbits to underpin its high-performance, cost-efficient data platform for enterprise AI deployments.
"The quarter close marked significant progress financially and strategically,” said Eran Kirzner, CEO and co-founder of Lightbits Labs. “Our growth is a direct result of the trust and value customers place in Lightbits’ solutions, delivering unmatched performance and efficiency for modern applications in containerized and virtualized environments at scale. We now service Fortune 500 financial institutions, as well as some of the world’s largest e-Commerce platforms and AI cloud companies.”
Lightbits offers best-in-class software-defined storage that redefines performance and efficiency for open source environments like Kubernetes, KVM, OpenShift, and OpenStack, delivering the industry’s best price/performance for AI/ML, analytics, and transactional workloads at scale. The storage software scales to hundreds of petabytes and delivers performance of up to 75 million IOPS and consistent sub-millisecond tail latency under a heavy load. The unique NVMe over TCP architecture utilizes resources more efficiently with less proprietary hardware, simplifying storage management and requiring 5X less hardware compared to Ceph Storage, which reduces energy consumption and satisfies sustainability strategies. To support mixed workload environments, a single Lightbits cluster provides multi-tenancy with Quality of Service capabilities to prevent resource hogging.
“Legacy storage infrastructure can and will impact application performance of data-driven environments. Thus, storage is fundamental and must be the first consideration of any modernization effort,” said Matt Kimball, Vice President & Principal Analyst at Moor Insights & Strategy. “As more organizations shift to AI and real-time data workloads, the importance of flexible, disaggregated storage solutions becomes critical. Scale matters, and performant scale is even more important. Companies like Lightbits Labs deliver performance, scale, and cost savings realized by some of the largest organizations.”
Lightbits Labs' success is further amplified by its growing global partner network, highlighted by several announcements last year:
- Lightbits Labs joined the Mirantis Partner Program, providing scalable and resilient high-performance storage for Kubernetes
- Lightbits Certified on Oracle Cloud Infrastructure
“We're seeing a consistent pattern of engagement with customers finding that other software-defined storage can only accommodate low and middle-tier workloads. They adopt Lightbits for tier 1 workloads, and then we move downstream to their utility tier, as well. And customers seeking VMware alternatives like Lightbits for its seamless integrations with OpenShift and Kubernetes to enable their infrastructure modernization,” added Rex Manseau, Chief Revenue Officer of Lightbits Labs. “The unmatched capabilities of Lightbits, combined with the compatibility with common orchestration environments, make it an ideal choice for organizations and service providers who are supporting diverse performance-sensitive workloads at scale to capitalize on rapidly expanding business opportunities.”
Recently, the company’s solutions and commitment to excellence were given industry recognition through many prestigious awards, including:
- CRN’s Storage 100
- CRN's 50 Coolest Software-Defined Storage Vendors
- Data Breakthrough Award
- SDC and Cloud Award
Lightbits also received analyst recognition from GigaOM, positioned as a Fast-Moving Leader for Primary Storage in their 2024 Primary Storage Report, further cementing its reputation in the market.
Looking ahead, Lightbits Labs is poised to expand its global install base, prioritizing key markets across the Americas and Europe, and other high-growth regions. With more new products and partnership announcements in the pipeline for later this year, the company continues to innovate and expand its footprint in the storage market and intensify its focus on delivering cutting-edge solutions for broader workload coverage.
In 2025, you can connect with Lightbits software-defined storage experts at these industry events: The Red Hat Summit, StackConf, and KubeCon.
Visit our website to learn more about why leading organizations choose Lightbits software-defined storage or book a product demonstration today.
About Lightbits Labs
Lightbits Labs® (Lightbits) invented the NVMe over TCP protocol and offers best-in-class software-defined block storage that enables data center infrastructure modernization for organizations building a private or public cloud. Built from the ground up for low consistent latency, scalability, resiliency, and cost-efficiency, Lightbits software delivers the best price/performance for real-time analytics, transactional, and AI/ML workloads. Lightbits Labs is backed by enterprise technology leaders [Cisco Investments, Dell Technologies Capital, Intel Capital, Lenovo, and Micron] and is on a mission to deliver the fastest and most cost-efficient data storage for performance-sensitive workloads at scale.
To learn more about Lightbits Labs, visit https://www.lightbitslabs.com/ and follow Lightbits Labs on Linkedin, X, Facebook, Instagram, and YouTube.
Lightbits and Lightbits Labs are registered trademarks of Lightbits Labs, Ltd.
All trademarks and copyrights are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250415197129/en/
Contacts
Lightbits PR Contact:
Carol Platz
pr@lightbitslabs.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Heaviside Industries Unveils the TYR Loitering Munition, A Five-Pound Tank-Killer12.10.2026 12:00:00 CEST | Press Release
Heaviside Industries, a builder of multi-domain precision munitions platforms, today introduced its TYR miniaturized loitering munition at the AUSA Annual Meeting & Exposition in Washington, D.C. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261012159239/en/ The first in Heaviside’s line of precision munitions, TYR delivers outsized performance for its weight, combining speed, endurance, and lethal effects in a truly man-packable system. Weighing just over five pounds with a total system weight of approximately 15 pounds, TYR can defeat a wide range of targets, including main battle tanks. TYR offers four Nammo warhead variants — Shaped Charge Anti-Tank, Anti-Structure Munition, Explosively Formed Penetrator, and Anti-Personnel Frag — allowing warfighters to tailor lethal effects across multiple mission sets. TYR can be employed in ground and base defense operations, utilized as a counter-UAS system, or integrated onto larg
Opensignal Launches World’s First Interactive Map of Satellite-to-Smartphone D2D Connections12.10.2026 10:00:00 CEST | Press Release
Opensignal, a global independent consumer connectivity analytics and insights company, today launched the Opensignal D2D Satellite Map, the world’s first interactive, real-world depiction of where direct-to-device (D2D) satellite connections with smartphones are happening across the globe. Every point on the map, which will be updated monthly, represents a location where smartphones have connected to a D2D service since January 2026, extracted from Opensignal’s billions of real-world measurements. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261011884935/en/ Opensignal D2D Satellite Map “D2D is reshaping who can deliver mobile coverage, and where, because the phone in your pocket can now reach a satellite directly. Until now, the industry has had to make decisions without knowing where momentum and adoption are real,” said Mike Sandy, President, Market Performance at Opensignal. “The Opensignal D2D Satellite Map provides a
Navan Selected by Investec to Modernize Global Travel Program12.10.2026 10:00:00 CEST | Press Release
Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Investec, a leading international bank and wealth manager, to upgrade its global travel program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261009977645/en/ Leading international bank and wealth manager chooses Navan to deliver an AI-first travel program “As Investec continues its digital transformation, we’re excited to partner with an AI-first travel platform to increase adoption and improve operational efficiency,” said Lyndon Subroyen, Investec Group Chief Technology and Operating Officer. As a dual-listed company in the United Kingdom and South Africa, Investec sought a partner to consolidate its travel operations, reduce administrative work, and improve the booking experience for its workforce. Investec needed a solution to increase platform adoption and help employees travel more cost-efficient
Demand for Tech Services in Europe Continues to Surge, Led by AI-Driven Infrastructure Spending in Q3: ISG Index™12.10.2026 10:00:00 CEST | Press Release
Surging AI demand propelled Europe’s technology services market to a new high in the third quarter, as infrastructure spending more than doubled and traditional managed services grew by double digits, the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, finds. The EMEA ISG Index™, which measures commercial outsourcing contracts with annual contract value (ACV) of US $5 million or more, shows third-quarter ACV for the combined market (both managed services and cloud-based infrastructure and software services) soared 56 percent—its fastest growth in eight years—to US $14.9 billion. It was the fourth straight quarter that combined ACV growth has exceeded 20 percent, averaging 39 percent in that span. “The European market is absolutely roaring right now,” said Anthony Drake, president, ISG EMEA. “After surpassing US $10 billion for the first time in last year’s fourth quarter, demand continu
Carta Secures Authorization to Operate as Fund Administrator and Transfer Agent in Luxembourg12.10.2026 10:00:00 CEST | Press Release
Carta, the connected platform and AI-native ecosystem for private capital, today announced it has received authorization to operate as a fully-licensed Specialised Professional of the Financial Sector (PSF) under the supervision of the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg. The authorization covers five statutory functions — registrar agent, corporate domiciliation agent, company incorporation and management services, administrative agent of the financial sector, and client communication agent — adding licensed fund administration and transfer agency directly to a platform already serving Luxembourg fund managers. Luxembourg is the second-largest fund domicile in the world, home to approximately 5,000 alternative investment fund entities managing over €1 trillion in assets. It is also the preferred jurisdiction for over 1,000 US and APAC fund managers running parallel or feeder structures, representing more than $333 billion in AUM. For managers operating
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom