Cloud acceleration, product portfolio innovations, international expansion, and revenue growth highlighted another year of hyper growth for Ava, the company has revealed.
Ava Security, an open platform for cloud-native video security, has announced its growth results and key achievements for 2021.
According to the company, overall video revenue grew globally by over 300%, ARR grew by 500%, and the number of cameras connected to the Ava Aware Cloud continues to double every three months. The company continued to make significant investments across R-D, sales, marketing, and leadership.
"Cloud, cloud, cloud - it is what's driving Ava's growth, with a high percentage of new customers opting for pure cloud deployments," says Rick Hill, vice president and general manager of Americas for Ava Security.
"We also see more and more customers gravitating toward our open approach, allowing for best of breed access control, sensor integrations, and third-party camera interoperability with our Ava Aware Cloud," hey says.
"Customers value the embedded analytics, ease of use, and pace of innovation we are delivering - and the market values choice, we work very hard to meet our customers where they are on their journey to the cloud," Hill adds.
On the innovation front, Ava introduced two new cloud cameras (the Ava Compact Dome and the Ava Bullet), launched Ava Cloud Storage, delivered a unified dashboard for hybrid deployments, and developed native integrations with IP Videos Halo sensors and Disruptive Technologies environmental sensors. The company also launched software-driven LPR (License Plate Recognition), enabling the technology on both Ava and third party cameras, and not requiring separate dedicated LPR hardware.
Other notable Ava Security achievements:
- Doubled active partners while launching an improved partner program framework
- Improved and shortened lead times despite silicon shortage and global supply chain challenges
- Won several awards, including the prestigious Red Dot Award in both Product Design and Smart Product categories
- Opened new a distribution centre in Amsterdam
- Expanded physical presence in the US with a new office in Raleigh, North Carolina
- Hired dedicated personnel to grow presence in Asia Pacific
"2021 was a great year for us, with our growth rate boosted by new enterprise customers - five Fortune 1000 customers in the fourth quarter alone," says Tormod Ree, chief executive officer and co-founder of Ava Security.
"But we are not stopping there, as were projecting similar growth numbers for 2022," he says.
"We are starting to hit our stride here at Ava - we expect to grow more, innovate more, and make more customers happy in 2022," Ree says.
"Watch this space."