SINGAPORE, May 20, 2020 - (ACN Newswire) - OmniSci, the pioneer
in accelerated analytics, announced today that the company posted
its highest-ever revenue for a quarter, closing deals with major
new customers, strengthening key partnerships, and expanding the
company's global reach. OmniSci's strong Q1 performance provides
significant momentum for Q2 and beyond.
Following the company's expansion into Europe last year, in April,
OmniSci expanded into Asia to meet growing global demand for its
analytics capabilities. The company brought Joseph (Joe) Lee on
board as VP of Global Sales and welcomed Herfini Haryono, former
CTIO at PT Telkomsel and CIO at Indosat Ooredoo in Indonesia, to
the team as VP of Industry Verticals. These experienced executives
and their teams have already signed the first customers in the
region and are providing local support to new and existing
customers.
The company's revenue growth was fueled by major wins with new and
expansion customers, including Procter & Gamble, HERE
Technologies and the utility company Avangrid. OmniSci also
announced a deeper partnership with Z by HP to accelerate
data-driven workflows and make the Z8 - the world's most powerful
workstation - even more appealing by offering it preloaded with the
OmniSci platform, giving data scientists instant access to
unprecedented analytics power.
"It's been incredible to see how leading organizations in both the
commercial and public sectors are adopting our platform to gain an
analytical edge," added OmniSci CEO and Co-Founder Todd Mostak.
"Whether in telco, retail and CPG, utilities, or government, our
customers need speed-of-thought answers from ever-growing volumes
of data. The OmniSci accelerated analytics platform empowers them
to leverage all of that data with unprecedented agility, and to
make better, more timely business decisions than ever possible with
legacy tools. We see a tremendous opportunity ahead to expand the
market's idea of what is possible when it comes to analytics, and
in the process, help build a more data-driven world."
"OmniSci's mission - to make analytics instant, powerful, and
effortless for everyone - has never been more relevant. These
results show that their technology is meeting that goal," said
Kristina Serafim, Managing Director, Verizon Ventures. "As one of
our portfolio companies, we support OmniSci's mission to find
insights in data at the heart of the most pressing challenges."
In OmniSci's first quarter, the company also engaged in the public
fight against COVID-19, providing their platform to research teams
across the country through the OmniSci for Good program. Every
federal, state and local government is working to cope with
COVID-19 and the massive amounts of data involved, and OmniSci
helps these organizations make smarter, data driven decisions.
Working closely with data partners including X-Mode, SafeGraph, and
Veraset, OmniSci showcased through blogs and videos how data can be
used to address the core challenges of the next phase of the
COVID-19 fight, including hotspot detection, social distancing, and
logistics.
Demand within OmniSci's community of developers, researchers and
users also grew in the first quarter. When the virus outbreak made
in-person events and conferences unsafe, the OmniSci team pulled
together two virtual summits on short notice, to keep their active
community well connected. These virtual events included dozens of
hours of fresh content, and were attended by more than 1,000
people. The next virtual summit is scheduled for May 19-20, 2020,
featuring more new demos, webinars and on-demand sessions.
"OmniSci is growing quickly and globally by delivering strong
business outcomes for our clients," said Joe Lee. "We are committed
to continuing to bring the best solution and support to our clients
while we continue our global expansion. We have a unique solution
for interactive geospatial analytics that is very valuable in the
telecommunications industry, and plugs a significant gap in current
big data environments."
About OmniSci
OmniSci is the pioneer in accelerated analytics. The OmniSci
platform is used in business and government to find insights in
data beyond the limits of mainstream analytics tools. Harnessing
the massive parallelism of modern CPU and GPU hardware, the
platform is available in the cloud and on-premise. OmniSci
originated from research at Harvard and MIT Computer Science and
Artificial Intelligence Laboratory (CSAIL). OmniSci is funded by
GV, In-Q-Tel, New Enterprise Associates (NEA), NVIDIA, Tiger Global
Management, Vanedge Capital and Verizon Ventures. The company is
headquartered in San Francisco. Learn more about OmniSci at
www.omnisci.com.
Source: OmniSci
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