Hydrolix Cloud Knowledge Platform Helps Arkose Labs Save Cash and Ship Actual-Time Insights on Hundreds of thousands of Fraud Assaults Day by day

PORTLAND, Ore .– () – Hydrolix today announced the immediate availability of a case study describing Arkose Labs’ migration to the Hydrolix cloud data platform. Arkose Labs’ fast-growing data challenges: The only thing that scaled faster than the company’s triple-digit customer revenue growth was the cost of collecting and analyzing terabytes of raw data per day. They needed an alternative to their existing platform that would improve their margins and future-proof their business.

“The data challenges at Arkose Labs fit our mission perfectly,” said Marty Kagan, CEO of Hydrolix. “They record billions of events every day, each with hundreds of fields of sparse and complex, semi-structured, high cardinality data. They take care of real-time recording, they take care of long-term storage, and they take care of the kind of sub-second interactive query performance that you can’t get with brute force scans of unindexed data. ”

Today, after migrating to Hydrolix and Superset, Arkose Labs’ Security Operations Center (SOC) identifies, investigates and remediates threats at a lower cost than their previous data platform, which is based on market-leading NoSQL and document databases. Additionally, the move to Hydrolix has enabled Arkose Labs to consolidate their data infrastructure by eliminating the need for separate hot, warm and cold tiers.

“Dealing with fraud in real time requires tremendous speed and flexibility. Hydrolix enables our team to process over 100 million events per second / per core, exceeding our performance and scale requirements, ”said Ashish Jain, chief product officer of Arkose Labs.

From a product perspective, a unified data platform with unlimited retention builds on the success of Arkose Labs and enables the product team to expand the company’s capabilities and deliver value to customers on a much broader scale with real-time dashboards, unlimited filters, and visibility offer range of time periods. Complex forensic queries are now completed in milliseconds.

“Running our own copy of Hydrolix in our VPC has allowed us to truly leverage the potential of Amazon’s elastic infrastructure by independently scaling our compute and storage tiers in our data management stack,” said Joe Hsy, CTO of Arkose Labs.

For companies that value data, the answer to skyrocketing costs should never be to store less data. To learn more about how Hydrolix can help your business, check out the Arkose Labs case study at today www.hydrolix.io/case-studies/.

About Hydrolix

Hydrolix is ​​transforming the economics of big data so that organizations can ingest, store, and query petabytes of data without impacting performance, discarding data, or struggling with costs. Hydrolix’s patented technology is delivered cloud-on-prem, with no maintenance or egress, so customers stay in control of their data, reduce security and compliance risks, and no longer have to spend money on other people’s cloud infrastructure. Hydrolix is ​​supported by Wing Ventures, AV8 Ventures, Silicon Valley Data Capital, and the Oregon Venture Fund.

For more information, see hydrolix.io, Email info@hydrolix.io, or follow us on Twitter @GetHydrolix.

About Arkose Labs

Arkose Labs is ruining the fraud business model. Recognized as Cyber ​​Defense Magazine’s 2021 “Hot Company in Fraud Prevention”, its innovative approach determines true user intent and resolves attacks in real time. Risk assessments combined with interactive authentication challenges undermine the ROI of attacks, provide long-term protection while improving good customer throughput. Arkose Labs is headquartered in San Francisco, California with offices in Brisbane, Australia and London, United Kingdom. For more information, visit www.arkoselabs.com or on Twitter @ArkoseLabs.

Snowflake CEO urges buyers to be affected person with inventory throughout cloud transition

Frank Slootman, CEO of Snowflake, said Wednesday that shareholders will have to be patient with the company’s stock as the cloud transition won’t happen overnight.

“Our business is really going to be real for significant, long periods of time,” Slootman said in an interview with CNBC’s Jim Cramer on “Bad money.” “This is kind of a message to investors to really understand that we are signing up for a trip here that will last five to ten years.”

The comments came when Snowflake’s shares fell as much as 8% in post-company expanded trading reported first quarter results.

While revenue rose 110% year over year to a better than expected $ 228.9 million, the data analytics software company also posted a net loss of $ 203.2 million. That’s an increase of $ 93.6 million over the same period last year. At the same time, Snowflake has raised its full-year forecast for product sales.

Snowflake went public in September a record-breaking IPOThe shares close this first day of trading at $ 253.93. However, the stock was below that level at the close of trading on Wednesday. Snowflake shares have also fallen 16% since the start of the year as investors moved from high-flying growth names to economically sensitive companies that can benefit from Covid’s rebound.

Despite recent moves on Wall Street, Slootman emphasized that the company’s software becomes increasingly important as companies move away from databases that are tied to hardware.

“These are big, big changes we’re seeing in the marketplace and we’re just super happy to be in the thick of it and make it possible,” he said, adding that Snowflake has its focus on large-scale growth. “We are not a company that grows at any price.”