If you’re in the mobile app business, you’ve probably heard this statistic — that 80% of mobile app users churn after just 3 days, and that the average app loses all of their new users within a month.
Today, we’re announcing that these retention findings may, in fact, be inaccurate for the vast majority of apps in the industry. Amplitude has now tracked over 1 trillion user actions across 500 million devices. After analyzing our customer data, we’ve discovered the standard industry method of calculating retention grossly underestimates retention numbers, suggesting that the future of apps isn’t as grim as it was made out to be. Now, we want to share these insights with you.
Yesterday, Amplitude was recognized as a Rising Star in the category of analytics in the cloud sector, as part of The Forbes 2016 Cloud 100.
The first-ever Forbes 2016 Cloud 100 profiles the world’s top-tier private companies leading the cloud technology revolution.
In addition, one Rising Star company was chosen as a category stand-out in each of the twenty categories, including analytics; these companies are recognized as the most innovative and promising young companies of their respective categories. The Rising Stars were selected by a panel of judges representing leading public cloud companies, using qualitative and quantitative data submitted by nominees, along with publicly available third-party data sources.
Says Byron Deeter, a leading cloud investor and partner at Bessemer Venture Partners:
“Cloud computing is understood to be the future of the trillion-dollar software industry.” The Forbes Cloud 100: Rising Stars represent some of the most promising up-and-comers in each of their respective categories. As the cloud continues to revolutionize business, category-by-category, we are excited to highlight the potential of these Rising Stars.”
To view the full list, visit www.forbes.com/cloud100. The list will also appear in the October 4, 2016 issue of Forbes magazine.
You deserve better analytics to grow your product and bring value to your users. Plain and simple.
For us, that means bringing you the best-in-class web and mobile behavioral analytics platform so you can understand your users both today and well into the future. It means bringing you powerful, point-and-click analytics that lets you perform queries that would’ve once required teams of data scientists. It means bringing you behavioral analytics that gives your whole company insight into how your users navigate your product.
“We chose Amplitude because it has a fantastic look and feel and we’ve found it to have better out-of-the-box analytics capabilities than its competitors. I love that I’m able to dive right into Amplitude to better understand our products’ user behavior – I can even give access to folks without an analyst background so they can quickly spin up some segmentation charts and dashboards to share with their teams. It is truly a versatile and powerful platform.”
— Mike Murray, LogMeIn.
To continue building our platform in new and advanced ways, I’m excited to publicly announce that we’ve closed $15M in Series B funding, led by Battery Ventures. We’re adding Neeraj Agrawal to Amplitude’s board of directors, who will help us grow the team and advance the product so we continue to be the best-in-class behavioral analytics platform for you. You can read the full press release here.
We also have several other exciting updates that will help you understand user behavior at a deeper, more sophisticated level, including a new tool called Pathfinder, a brand-new backend architecture, as well as a Retention Playbook in the works.
I want to take a moment to personally thank you, our current customers, for choosing Amplitude as your source of behavioral analytics.
Since raising our Series A just nine months ago, we’ve faced phenomenal growth.
- We’ve gone from tracking 25 billion to 60+ billion events per month
- We have 150+ enterprise customers, including Instacart, Square, LogMeIn, and Thumbtack
On Monday, January 4, 2016, from 8:22 PM PST to 11:37 PM PST, we experienced an outage that prevented our customers from accessing their data on Amplitude. Following the outage, data on Amplitude remained stale until 3:23 PM PST on Monday, January 11, and several important features on Amplitude were inaccessible. We know many of our customers rely on Amplitude being available and up-to-date for their businesses, and we let you down. We’d like to take this opportunity to explain what happened, how we responded, and steps we are taking to prevent future outages like this from happening again.
We started off the new year with a failure. On January 4, 2016, one of our engineers mistakenly deleted several tables containing Amplitude metadata critical for processing and visualizing event data. Although we were able to fully recover all data, the deletion resulted in a week-long outage that affected all of our users worldwide. This was our first major outage as a company. We made a mistake – one that was costly to us, and more importantly, costly to our customers. We failed to maintain the quality of service that we committed ourselves to provide.
The days following the outage were a frenzy of figuring out how to best remedy our mistake and how to communicate what had happened to our customers. I wanted to provide insight into our decision-making process during the outage, what we’ve learned, and what we’re doing going forward.
10 Million Events a month. Completely Free.
Analytics is often the single largest infrastructure expense for a company.
We’ve been taught to pay for analytics linearly by data volume: see here, here, and here. This is bad for product managers and bad for analytics culture. Paying by event volume discourages you from tracking everything you want to. You’re effectively performing a cost benefit analysis with every event you instrument. Continue reading