Silk Technologies Strengths, Domain Expertise, and Key Differentiators
The Silk Platform represents a sophisticated cloud-based solution, offering enterprises an avenue to efficiently transition their vital applications to the cloud with minimal disruption. This transfer amplifies performance relative to conventional on-premise systems. Engineered to enhance cloud environment operations, the Silk Platform achieves a speed that is an impressive tenfold faster. It simultaneously bolsters the resilience of the full application stack against any potential infrastructure inconsistencies or operational difficulties.
The Silk Platform is judiciously positioned between the cloud infrastructure and the client's database, epitomizing an elegant, effective solution for managing the interplay between these two critical components.
Silk Technologies Recent Developments
Silk has been making waves in the IT industry, garnering attention for its innovative virtualization technology. The company recently completed an oversubscribed Series B financing round, securing an impressive $55 million in funding. Led by S Capital, the round also saw participation from prominent investors such as Sequoia Capital, Pitango, Globespan, Ibex, and Vintage, as well as new investors including Clal Insurance, Bank HaPoalim, Meitav Dash, and Menora Mivtachim. This significant investment reflects Silk's exponential growth and its pivotal role in meeting the rising demand for cloud environments, especially in the aftermath of the Covid-19 pandemic.
Silk Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Silk Technologies applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Silk Technologies and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Silk Cloud DB Virtualization Platform customers.
Silk Technologies Overview
75 Second Avenue 6th Floor, Suite 620
Needham, MA, 2494, United States
1 877-982-2555
https://www.silk.us/
Ownership: - x
Number of Employees: 270
Key Verticals: Automotive, Banking and Financial Services, Communications, Federal Government, State and Local Government, Public Safety, Healthcare, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation,
Silk Technologies Key Enterprise and Cloud Applications
Silk Cloud DB Virtualization Platform
Silk Technologies Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Silk Technologies Revenue Breakdown By Type, $M:
Silk Technologies Enterprise Applications Revenues By Functional Markets, $M:
Silk Technologies Enterprise Applications Revenues By Verticals, $M:
Silk Technologies Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Silk Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Silk Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Silk Technologies Customers
No. of Silk Technologies Customers: x
No. of Silk Technologies Enterprise Applications Customers: x
No. of Silk Technologies Cloud Customers: x
No. of Silk Technologies Cloud Subscribers: x
Silk has garnered a list of customers who have experienced tangible benefits from its virtualization platform. Notable clients include Wayfair, Priceline, Frasers, Sentara Health, SimCorp, and Windstream Communications. These organizations span various industries, particularly Retail, Healthcare, Financial Services, and Software/SaaS, underscoring the broad applicability of Silk's solutions. The company's ability to serve diverse customers across different sectors demonstrates the scalability and effectiveness of its platform.
Silk Technologies Market Opportunities, M&A and Geo Expansions
In the rapidly expanding cloud market, Silk is well-positioned to capitalize on numerous opportunities. On a horizontal level, the growing demand for cloud migration solutions presents an immense market opportunity. With businesses increasingly recognizing the benefits of cloud computing, Silk's unique performance enhancements and cost savings can position the company as a key player in this space.
On a vertical level, Silk has the potential to expand its presence in new regions and industries. By tailoring its virtualization platform to meet specific sector requirements, such as healthcare, finance, and manufacturing, Silk can tap into previously untapped markets and address the distinct needs of each industry.
Silk Technologies Risks and Challenges
Despite its strengths, Silk must navigate several internal and external risks to maintain its competitive edge. Internal risks include ensuring seamless platform integration with various cloud providers and databases, as well as staying ahead of emerging technologies and market trends. Maintaining a talented workforce and managing growth effectively will also be critical factors in mitigating risks.
External risks encompass the challenges associated with go-to-market strategies and customer perceptions. As cloud migration initiatives can be intimidating and prone to failure, Silk must alleviate customer concerns, emphasizing its success stories and delivering measurable results to build trust and credibility in the market.
Silk Technologies Ecosystem, Partners, Resellers and SI
Silk's success is further augmented by its robust ecosystem of technology integrations and partnerships. By collaborating with different technology companies such as UST, Velocity Network, vCORE Technology Partners, and Tego Data Systems, Silk ensures seamless integration with existing IT infrastructure and delivers faster, smarter, and more cost-efficient cloud solutions. Additionally, partnerships with system integrators and value-added resellers enhance Silk's market reach and enable network effects, fostering a vibrant ecosystem that benefits all stakeholders.
Silk Technologies Cloud Infrastructure Insights
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- Silk Technologies Public Cloud and Infrastructure (IaaS)
- Silk Technologies Platform (PaaS)
- Silk Technologies Application Delivery
- Silk Technologies Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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