{"id":62051,"date":"2022-06-08T12:55:39","date_gmt":"2022-06-08T12:55:39","guid":{"rendered":"https:\/\/www.commvault.com\/blogs\/building-a-dmaas-rocketship"},"modified":"2023-11-13T16:34:14","modified_gmt":"2023-11-13T21:34:14","slug":"building-a-dmaas-rocketship","status":"publish","type":"post","link":"https:\/\/www.commvault.com\/blogs\/building-a-dmaas-rocketship","title":{"rendered":"Building a DMaaS Rocketship \u2013 Metallic soars to the next wave of innovation"},"content":{"rendered":"\n<p class=\"\">In the world of SaaS businesses, new ventures pop up every day. However, the growth potential \u2013 and even survival \u2013 of a SaaS business can\u2019t be taken for granted. In fact, the year that Commvault launched Metallic \u2013 our own SaaS venture &#8211; it was estimated only .<a href=\"https:\/\/venturebeat.com\/2019\/03\/30\/getting-to-50-million-how-to-avoid-the-saas-valley-of-death\/\" target=\"_blank\" rel=\"noreferrer noopener\">04 percent of SaaS start-ups make it to $10 million.<\/a> But Metallic had something special: it was an elegant, cloud-native solution that leveraged the best of cloud technologies together with Commvault\u2019s industry-leading IP. We had a great team at the ready, committed to a singular mission of changing the status quo in data protection, and a market ready for change. Metallic was launched as a Commvault Venture, a start-up within the company, that boasted the technology, talent, and GTM chops to fuel a truly disruptive entrance to the market. In two short years, Metallic has experienced amazing growth and accomplished what most start-ups would dream of:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.commvault.com\/wp-content\/uploads\/2022\/10\/Metallic-Financials.png?w=319\" alt=\"\" class=\"wp-image-52195\" style=\"width:333px;height:213px\"\/><\/figure><\/div>\n\n\n<ul class=\"is-style-check-list-small wp-block-list\">\n<li class=\"\">Rapid-fire portfolio expansion \u2013 more than tripling our offerings from launch<\/li>\n\n\n\n<li class=\"\">Growing from 1M to $50M ARR in 6 quarters<\/li>\n\n\n\n<li class=\"\">Establishing incredible cloud partnerships &#8211; including Microsoft, and a newly launched MSP business with global design partner SoftwareOne<\/li>\n\n\n\n<li class=\"\">Expansion to serve more than 2,000 customers, with availability in more than 30- countries around the globe<\/li>\n\n\n\n<li class=\"\">Made Enterprise grade DMaaS a reality for companies of all sizes, from the largest Fortune 500s to the smallest companies<\/li>\n<\/ul>\n\n\n\n<p class=\"\">But more than anything \u2013 our growth and success today is testament that we have struck a chord for customers: Metallic offers the security and flexibility companies of all sizes need to meet this unique moment of accelerated change \u2026 and rising risk.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Growth comes from meeting the moment<\/strong><\/h3>\n\n\n\n<p class=\"\">Data protection as a service is the fastest growing segment of our industry<sup>1<\/sup>, and Commvault had the foresight to know there was a gap: enterprises needed a SaaS-delivered solution that they could trust. What we couldn\u2019t have predicted was a world plunged into a global pandemic, and the meteoric rise of cyberthreats alongside hyper-accelerated cloud adoption. Last year, companies predicted they would double their pace of cloud adoption by the time the year was out<sup>2<\/sup>. Adding to that, environments are increasingly hybrid and multi-cloud. This kind of distributed data estate means an expanded attack surface. It\u2019s an (im)perfect storm. But we\u2019ve got you covered:<\/p>\n\n\n\n<ul class=\"is-style-check-list-small wp-block-list\">\n<li class=\"\">Metallic was architected to let customers manage data close to the source, for fast hybrid cloud performance.<\/li>\n\n\n\n<li class=\"\"><a href=\"https:\/\/metallic.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Metallic<\/a> supports an expansive set of workloads \u2013 including SaaS apps, endpoints, and enterprise critical datacenter workloads &#8211; across clouds.<\/li>\n\n\n\n<li class=\"\">We have unique security offerings, as the only <a href=\"https:\/\/metallic.io\/news\/metallic-receives-fedramp-high-ready-status-for-baas-portfolio\">FedRAMP High In Process &#8211; In PMO Review<\/a> solution in our industry, plus <a href=\"https:\/\/metallic.io\/security-iq\" target=\"_blank\" rel=\"noreferrer noopener\">Security IQ<\/a> to stay ahead of evolving threats with security insights.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-s-next-metallic-recovery-reserve-and-metallic-threatwise\"><strong>What\u2019s next? Metallic\u00ae Recovery Reserve\u2122 and Metallic\u00ae ThreatWise\u2122<\/strong><\/h3>\n\n\n\n<p class=\"\">First, we\u2019re excited to share the <strong><a href=\"https:\/\/www.commvault.com\/blogs\/hit-with-ransomware-call-on-your-reserves\">Metallic Cloud Storage Service (MCSS) gets a new name: Metallic Recovery Reserve<\/a><\/strong>. Since its launch in 2020, companies around the world have adopted this managed cloud service from Metallic for their ransomware recoverability \u2013 and we\u2019re excited to give MCSS a new name to speak to the value we\u2019ve heard from those customers. A company\u2019s data is its strategic reserve \u2013 and those reserve must be called upon to help speed recovery and ensure businesses can get up and running fast in the face of cyberattack.<\/p>\n\n\n\n<p class=\"\">To continue our growth, we are keeping the innovations coming. Following Commvault\u2019s acquisition of <a href=\"https:\/\/www.commvault.com\/blogs\/welcoming-trapx-to-the-commvault-family\">TrapX<\/a> in February, this week we\u2019re launching an early access program for ThreatWise, a warning system to help companies spot cyberattacks and allow early action alongside comprehensive tools for recoverability. ThreatWise helps catch latent and silent threats traversing environments to contain and limit windows of exposure \u2013 because true data protection is not about recoverability alone.<\/p>\n\n\n\n<p class=\"\"><a href=\"https:\/\/metallic.io\/blog\/cyber-deception-modern-data-protection\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more<\/a> about why this matters and how companies can sign up to learn more as we move toward general availability in the coming months.<\/p>\n\n\n\n<p class=\"\">With Metallic together with a broad set of intelligent data services delivered as SaaS, software, or appliance, Commvault is helping customers<strong> move fast, stay agile, and put security first as they modernize their business. <\/strong>There\u2019s much more to come this year and beyond from Metallic as we continue to listen to our customers\u2019 needs &#8211; for security and compliance, for business efficiencies, and for smart hybrid- and multi-cloud data management. Stay tuned, the best is yet to come. <\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>References&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size\">1. SaaSPath 2Q20, April 2020, IDC  &#8211;  2. IDC Info Snapshot, sponsored by Microsoft, Doc #US4697620<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metallic was launched as a Commvault Venture, a start-up within the company, that boasted the technology, talent, and GTM chops.<\/p>\n","protected":false},"author":85,"featured_media":64287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_custom_css":"","_custom_js_footer":"","_page_background_color":"","_remove_from_search":false,"_dark_mode":false,"_light_footer_mode":false,"_sidebar_form":{"id":"","name":"","cta":"","redirect":""},"_alert_notification_bar":{"show":true,"bg_color":"","content":"","call_to_action_label":"","call_to_action_link":""},"_footer_cta":{"show":false,"title":"","subtitle":"","cta_text":"","cta_link":"","background":{"id":0,"url":""}},"_cmv_customer_logo":{"id":0,"url":""},"_jetpack_memberships_contains_paid_content":false,"i18n_hreflangs":"","footnotes":""},"categories":[713],"tags":[],"cmv_author":[837],"class_list":{"0":"post-62051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-metallic-category","8":"cmv_author-manoj-nair","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v23.0) - 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