NextLabs Achieves Record Earnings in 2024

San Mateo, Calif. – February 24, 2025- NextLabs today announced that its commitment to provide the most comprehensive zero trust data-centric security has resulted in a remarkable 70% year-on-year (YoY) growth. This upward trajectory is fueled by the increasing need among Fortune 2000 companies and government agencies to leverage zero trust architecture to safeguard their critical applications and data. 

In a landmark achievement, NextLabs reported record earnings of $15 million USD for 2024, marking its fifth consecutive year of profitability. This outstanding financial performance is driven by a more than 50% year-on-year (YoY) increase in new customers adopting the company’s advanced data security software and services. As a result, NextLabs achieved a 70+% YoY revenue growth, making 2024 its most profitable year ever. 

As generative AI, cloud computing, and digital transformation rapidly reshape industries, the need for enterprises and government agencies to adopt Zero Trust Architecture has never been greater. Technology has become the most disruptive force driving change in businesses today. Due to this shift in the market, NextLabs has seen a significant increase in the adoption of its Zero Trust Data Security software and services throughout 2024. Backed by the industry’s highest-performance policy engine and 90+ patents in zero trust security, NextLabs’ solutions have the highest number of active, business-critical deployments of Zero Trust Data Security across public and commercial sectors.  

To meet growing demands and enhance its ability to accelerate implementation of Zero Trust Architecture to bolster cybersecurity for customers, NextLabs has expanded its partner ecosystem in 2024. NextLabs deepened its collaboration with Accenture, expanding its ability to deliver Zero Trust Data-Centric Security solutions and continuous data protection to a global customer base faster. Additionally, NextLabs formed a go to market partnership with Carahsoft, the Trusted Government IT Solutions Provider®, to better serve the public sector. This collaboration combines NextLabs’ expertise in zero trust architecture and data-centric security with Carahsoft’s government procurement knowledge, enabling customers to select and implement the most effective solutions at optimal value. These strategic partnerships have significantly strengthened NextLabs’ ecosystem, empowering the company to better support customers in meeting both current and future data security needs. To learn more about how NextLabs and its partners help customers protect their data anywhere and anytime, explore their customer stories.  

By strengthening its go-to-market capacity, NextLabs can accelerate delivery of the best-in-class solutions to the marketplace. The trust and confidence from customers and partners have been pivotal in enabling NextLabs to achieve record earnings and customer growth. It is through the close collaboration and commitment of these customers and partners that NextLabs has been able to innovate and deliver cutting-edge data centric security solutions with high levels of customer satisfaction. 

“We are grateful to our loyal customers and strategic partners for their unwavering confidence and support of NextLabs,” stated Keng Lim, Founder & CEO of NextLabs. “Together, we are building a better future where everyone can share information and collaborate with confidence, knowing their data is properly safeguarded and protected from misuse.”