We are incredibly excited to start our year with today’s announcement of $45M in funding and fantastic additions to our management team: Chris Smith for WW Field Operations and Andrew Bartlam for EMEA Sales.
This investment from new investors, participation of our existing investors, and expansion of team with world class executives is further validation of our ongoing success. There are many things that go into building a successful company and Instart Logic is no different.
It all starts and ends with successful customers, who love working with us. In 2015, we tripled our sales, and became the application delivery standard at companies like Office Depot International, Kate Spade, Tui Travel, Atlantic Media and Washington Post. Our maniacal focus on the success of our customers has enabled us to enjoy eye-popping renewal and churn rates, and build an enterprise-grade support and services team. We couldn't have gotten here without the trust and confidence of our customers, and I am extremely grateful to them for trusting us with the delivery of their mission critical infrastructure applications. As we grow the company, we will continue to strive to be a better partner for them every day.
In the last 12 months, we have made several major additions to our executive team. With their experience of leading multiple private companies to become market-making public corporations, we feel confident in their ability to take us to $1B in revenue and beyond. We have grown the company headcount by 2x, attracting talent from companies like Google, Netflix, Cisco, Twitter, etc. Our goal since inception has been to build the best team in business, and that has enabled us to be the #1 startup to work for in America in 2015.
While 2015 was an amazing year for us, I am even more excited about 2016. With the cash reserves from our last three oversubscribed rounds in the bank, with help from our strategic investors, and under the field leadership of Chris, I am looking forward to seeing Instart Logic take an unfair share of the market this coming year.