There are many paths to success in the technology industry. With plentiful venture capital available, the proliferation of open source software, and a pandemic-fueled urgency for digital transformation, almost anything is possible. But there is another, time-tested formula that Constant founder David Aninowsky and his team employed in 2014 when they bootstrapped Vultr: make a product that is as easy as possible for customers to use, and offer it for a disruptive price.
Today, we are excited to announce that Vultr’s straightforward, customer-centric approach has enabled over 1.5 million users to deploy over 50 million cloud compute instances globally, allowing Constant (Vultr’s parent company) to surpass $125 million in Annual Recurring Revenue (ARR). Vultr customers successfully deploy SaaS and mobile applications, websites, video streaming applications, multiplayer games, and more, through Vultr’s simple UI and APIs.
"Our $125M ARR milestone proves that our bootstrapped, product-led approach can thrive without following the traditional VC-funded route,” said J.J. Kardwell, CEO of Constant, the creator of Vultr. "Constant is one of just a handful of companies that has reached this scale without a dollar of equity capital raised. Additionally, Constant joins Slack, Atlassian, and SolarWinds on the extremely short list of B2B tech companies that achieved $100M of ARR without any sales people.”
A Big THANK YOU
We recognize that success would not be possible without the users, customers, team members and partners who choose Vultr. Our ability to open new cloud datacenter locations, launch new offerings (like Vultr Kubernetes Engine) and grow our team is totally dependent on customers choosing to deploy on Vultr, working with passionate Constant team members who collaborate to serve those customers. THANK YOU for contributing to Vultr’s success.
What Comes Next
Vultr is on a mission to make high-performance cloud computing easy to use, affordable, and locally accessible for businesses and developers around the world. As 2022 unfolds, you can expect more data center location rollouts around the world. You can also expect that Vultr will continue to innovate, bringing new cloud compute, cloud storage and networking offerings to market that are easy to use, at a disruptive price. Follow @Vultr on Twitter for the latest updates.