We won major multi-million dollar AT&T deal and Tata Comm expansions, along with winning several new customers in diverse verticals. Strong joint partner pipelines have been built with key partners Cisco, IBM, DXC and WWT.

CloudFabrix has become a pivotal strategic partner in Cisco FSO GTM. As one of the first few launch partners to introduce a joint solution on the Cisco Observability Platform, we were integrated across all regions and channels. This achievement earned us prominent mentions in C-level keynote speeches at various Cisco Live conferences throughout the year. | Press Release |

CloudFabrix is positioning itself as a prominent contender in AIOps and Observability, with a projected market value of $32 billion. We have gained recognition from prominent industry analysts, including GigaOM, Gartner, and EMA. | Recognitions | Analysts Reports |

We unveiled several industry-first initiatives in AIOps & Observability, notably the Gen-AI assistant for AIOps and Observability. This innovation garnered significant attention from analysts, partners, and customers alike. Macaw, the Gen-AI assistant, utilizes conversational queries and Generative AI to understand the context for customers' datasets, accelerating Observability and AIOps adoption. | Read More |

CloudFabrix is broadening its market through the development of vertical solutions using the RDAF platform. We announced an AI-driven Telco Service Assurance and Automation Solution with multiple Tier1 Telco wins. Additionally, we introduced the SAP Observability solution, with promising potential shown by IBM, Cisco, and other channel partners.

Following the successful closure of Series A funding, we expanded our team to 100 members, aiming to enhance our capabilities to support the expanding customer base across diverse regions. Additionally, we initiated the strategic expansion of the CFX AI Excellence Center in Gulbarga, Karnataka, emphasizing the development of AI/ML capabilities.

Based on the momentum observed among our current customers, partner pipelines, and the Cisco FSO partnership, we anticipate over 100% Annual Recurring Revenue (ARR) and customer growth in 2024.

We anticipate continued success with AT&T throughout 2024. Considering our current visibility, the new expansions have the potential to generate over $5M in Annual Recurring Revenue (ARR), with further growth expected.

We anticipate growth in AT&T and Tata Communication MSP markets as they start focusing their growth on MSP practice. Similar traction is expected with other CSP/MSP Providers.

Continued platform-led growth remains a focal point for us, characterized by ongoing product differentiation through our GenAI initiative. This strategic approach empowers us to not only enhance our differentiation for existing customers but also to attract new customers and explore diverse market segments.

CloudFabrix is expanding footprint in MEA - Middle East and Africa & LATAM regions working through GSI’s and partners. Planning to expand Sales & Marketing ops supporting areas to support the growth.