Storj Soars to New Heights: Announces 226% Growth Year Over Year; New Partnership and Customer Milestones

Storj, the leader in enterprise-grade, globally distributed cloud object storage, today announced several milestones, including an integration with the industry-leading video editing software application, Adobe® Premiere® Pro, and 226% YoY revenue growth. These latest updates cement the company as a driving force behind the next-generation cloud storage landscape for its secure, reliable and cost-effective cloud storage solutions. Storj not only reduces cloud costs by up to 90 percent compared to traditional cloud providers, but also reduces carbon emissions by using existing, unused hard drive capacity.

New partnerships, new customers, faster transfer speeds at 1/10th the price

Storj has seen a meteoric rise in adoption, with customers spanning use cases in AI, media and entertainment, backup and disaster recovery, and log file data storage. This momentum is due to several factors, including: transfer speeds that are 2-3x faster than the hyperscalers and more globally consistent, significant cost savings, and a growing list of partnerships and technical integrations. For example, in the media industry, Premiere Pro, renowned as the industry’s premier video editing software, has selected Storj as its globally distributed cloud solution. This will empower video editors, filmmakers and content creators to harness the full potential of Premiere Pro while leveraging Storj’s faster, more reliable, and eco-conscious storage solution when storing and retrieving their data at scale.

A long list of customers have joined the growing Storj ecosystem, including Toysmith, Acronis, Ad Signal, Valdi, Cribl, Livepeer, Bytenite, Cloudvice, Amove, and Kubecost, as partners and customers in the last three months.

The future of cloud object storage is decentralized, with Storj leading the way

Forrester’s latest Object Storage Landscape, Q2 2023 report declares decentralization a top disruptor, with Storj listed among 26 notable vendors. The report predicts that, “Decentralization of data storage will disrupt centralized object storage providers as computing shifts to the edge.”

Independent report from the University of Edinburgh reveals faster transfers for big data on a global scale

In leveraging Storj for large quantum physics datasets, the University of Edinburgh conducted extensive testing on Storj’s transfer performance and speed improvements. With transfer rates reaching 800 megabytes per second, the University of Edinburgh’s findings indicate a 2x-4x factor improvement in Storj’s transfer performance over the prior year. The results underscore that parallelism, which is natively built-in to the Storj network through the distribution of data across 1000’s of points of presence worldwide, helps to achieve fast transfer rates and eliminates the impact of geographical distance on data transfer speed between the EU and the US East Coast.

To learn more about Storj and upgrade your cloud storage, please visit: Storj.io

About Storj

Storj is a leader in decentralized cloud object storage. Built for enterprise storage workloads, Storj delivers blazingly fast, CDN-like performance at cold storage prices, enterprise-grade durability, and zero-trust security with no vendor lock-in and no single points of failure. Storj meets the leading-edge privacy and sustainability demands for traditional use cases, Web3, and dApps. Easily integrated into any existing stack with S3 compatibility, Storj is architected as a trustless globally distributed network that utilizes existing excess storage capacity making performance, privacy, and resiliency available to any size organization, at 1/5 to 1/20 the price of hyperscalers. Storj serves petabyte-scale enterprise and Web3 customers and partners like Adobe, Acronis, GB Labs, Ankr, Atempo, iXsystems, Matter Labs, Gabb Wireless, and the University of Edinburgh. STORJ is an ERC-20 token used across the Storj network.

Contact Information

Sara Bonadies

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