Lightbits Labs Closes Q1-2025 with Record-Breaking Growth [Yahoo! Finance]
Broadcom Inc. (AVGO)
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Source: Yahoo! Finance
SAN JOSE, Calif., April 15, 2025 BUSINESS WIRE Lightbits Labs (Lightbits®) , the inventor of the NVMe® over TCP protocol offering next-gen software-defined storage for modern workloads, today announced record-breaking growth for Q1'25. This milestone reflects strong global demand for infrastructure modernization that models Cloud Operations enabled by high-performance block storage offering flexibility, reliability, and cost-efficiency at scale. The breakout quarter for Lightbits, marked by a 4.8X increase in software sales and a 2.9X increase in average deal size, is fueled by a surge in new customers and strong customer loyalty, as evidenced by an impressive 2X YoY license increase. New account growth was particularly strong among financial services, service providers, and e-commerce organizations who require high-performance, low-latency at massive scale. A strong standout use case for Lightbits was among AI Cloud service providers. Crusoe expanded its use of Lightbits to powe
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