Materialize's ability to provide rapid and accurate access to data has been recognized in the industry. It has grown its developer community to about 1000 people and attracted a wide range of customers including Density, an IoT-focused space utilization company, and Kepler Cheuvreux, an independent European financial services company.

SQL is an extremely useful marketing and analytical tool for businesses, so naturally there are many competitors such as Datatables, Font Awesome, Ruby on Rails, and ASP.net handlebars. However Materialize has taken full advantage of its first mover status in this space and maintains a strong market lead against its rivals.

Since its founding in 2019, Materialize has become a multi-million dollar revenue company. Funds are being used to further accelerate the development and adoption of its data streaming technology, and expand its engineering team across the US and internationally.