We are thrilled to share that finance and strategy veteran Lorenzo Montesi has joined Cockroach Labs as our Chief Financial Officer.
Lorenzo could not have joined our team at a better time, as we continue our rapid growth in the cloud data market. With our $160 million fundraise at a valuation of $2 billion earlier this year, adoption of our evolutionary database CockroachDB is exploding. Lorenzo will drive our financial planning, analysis, and operations, working closely with our leadership team to scale Cockroach Labs globally during this significant growth phase.
“Cockroach Labs is carving out a unique leadership position as a distributed database, and the excitement from both investors and customers means it is necessary to have strong financial leadership to help guide our growth,” said our CEO and co-founder Spencer Kimball. “Lorenzo’s proven experience at high-growth technology organizations will be essential in enabling Cockroach Labs to forge ahead on our mission to become a dominant player in the cloud database market.”
With a ground-breaking product focused on making it easy for developers to build breakthrough applications, we have more than doubled our customer roster over the past year and experienced a 233% year-over-year increase in revenue in the first quarter of 2021.
Our flagship product CockroachDB has continued to build a loyal following among developers, recently exceeding 20,000 Github stars. More notably, more than half of our customers run their critical applications on CockroachCloud, less than a year after the general release of the fully-managed cloud database-as-a-service.
Lorenzo brings with him more than a decade of experience leading finance, strategy and operations for top technology companies. He was most recently the Senior Vice President of Finance at Cohesity, an enterprise data management company, where he led the Finance and Sales Operations teams through multiple years of hyper growth.
Prior to joining Cohesity, he was the Senior Director of Sales Operations and Go-to-Market Strategy for Emerging Businesses at VMware where he established sales operations for VMware Cloud Services. He also held senior strategy and corporate development positions at EMC and RSA and earlier in his career, he was a principal at the Boston Consulting Group, where he advised CXOs of Fortune 500 corporations across technology and other sectors. He holds a degree in Physics from the Scuola Normale Superiore di Pisa and an MBA from the Massachusetts Institute of Technology, Sloan School of Management.
“Joining Cockroach Labs as it takes the market by storm is an exciting opportunity in a cloud market that is defining the future of information technology,” said Lorenzo. “We are on the cusp of a major shift in database technology after decades of leveraging antiquated tools that are not built for the applications of tomorrow. Organizations of all sizes and ages are reassessing their IT infrastructure as they look to move data to the cloud and Cockroach Labs is very well positioned to play a leading role in this transformation as the trusted partner for enterprises worldwide.”
Last month, we were honored to be named to the CNBC’s Disruptor 50 list as well as to Inc. Magazine’s Best Places to Work list. We are hiring in locations across the United States, as well as in Canada, Australia, and in Europe. Join our team: www.cockroachlabs.com/careers/open-positions/.