I am thrilled to share that since coming out of stealth in July 2016, StackPath has increased our customer count from 50,000 to more than one million and our annual revenue run rate from $16 million to almost $200 million. That is all in only 18 months. Check out our press release about this news.
I have started and run a number of businesses in my career, but never have I been with one that has grown this quickly. I set ambitious goals for the company when we launched, but our growth over the last year and a half has surpassed even my expectations. And this growth accelerates how quickly we will be able to drive the evolution of cloud, specifically at its edge.
There are many reasons we were able to do this, but here are some worth highlighting:
- Operating a global CDN at scale requires an enormous amount of bandwidth. We increased our CDN capacity by 33X.
- Our VPN business is on fire! We have increased our consumer VPN business 100% year after year and signed exclusive enterprise VPN partnerships, such as the recent agreement with Eero.
- Last, but certainly not least, we have tripled our headcount and have brought on some amazing new staff who have helped expand our depth and capabilities.
I want to thank the team for all the hard work that has gone into not only expanding our customer bases but for developing the frictionless, highly-scalable platform of secure internet services built at the cloud's edge that will allow all developers - regardless if they are working alone or part of an enterprise team - to develop with protection and performance built in.
The team and I plan to keep the pedal to the metal and I have no doubt we'll reach our two million customer mark even faster than we did the first million.