Company
Date Published
Author
Becca Weng
Word count
1903
Language
English
Hacker News points
None

Summary

Cockroach Labs had a remarkable 2024, marked by significant growth, product innovations, and global expansion. The company grew to over 500 employees, moved its offices to larger spaces, and took its annual customer conference, RoachFest, global for the first time. On the product side, CockroachDB introduced various under-the-cover performance improvements, expanded its MOLT (Migrate Off Legacy Technology) tools, and delivered physical cluster replication (PCR) and logical data replication (LDR) for self-hosted customers. The company also launched its first-ever State of Resilience Report, which revealed the true cost of downtime across industries. CockroachDB's vector search capabilities compatible with PostgreSQL's `pgvector` extension were introduced to enhance functionalities such as semantic search, recommendation systems, and natural language processing. The company expanded its partnerships with AWS, Microsoft Azure, Google Cloud, and others, including a new pay-as-you-go offering on AWS Marketplace and a strategic collaboration agreement with AWS. Cockroach Labs also partnered with PwC UK to help financial institutions modernize their data infrastructure. With unprecedented tech outages disrupting people and businesses throughout 2024, the company remained focused on enhancing operational resilience. The State of Resilience Report polled over 1,000 senior technology leaders on the resilience strategies, priorities, and vulnerabilities facing enterprises today, highlighting key findings such as 86% of executives believing every minute of unplanned downtime risks losing customers.