GigaSpaces provides an in-memory computing platform for real-time insight-to-action and extreme transactional processing, enabling enterprises to operationalize machine learning and transactional workloads. Its always-on platforms support mission-critical applications across cloud, on-premise, and hybrid environments. Customers include Tier-1 and Fortune-listed organizations across financial services, retail, transportation, telecom, and healthcare. The company is led by CEO Adi Paz and maintains offices in the US, Europe and Asia. GigaSpaces closed a $12M financing and said it will use the proceeds to accelerate rapid growth, scale global expansion, deepen partner collaboration, and accelerate product innovation. GigaSpaces Technologies provides pure-play cloud orchestration and data scalability platforms through two main product lines, Cloudify and XAP. Funding will accelerate global awareness and adoption of GigaSpaces’ cloud application orchestration and data scalability solutions, drive continued product innovation, and expand its sales organization worldwide in hybrid cloud, NFV and real-time analytics. The company reported its best year to date in revenue, tripled product adoption in 2015, and closed several record multi-million dollar deals for both Cloudify and XAP. Hundreds of tier-1 enterprises and carriers currently run GigaSpaces’ flagship products in production deployments across multiple industries. In 2015 the company implemented Cloudify orchestration at more than 20 Telco providers for NFV initiatives. GigaSpaces maintains offices in the US, Europe and Asia Pacific.

Total raised

$32M

Funding rounds

2

Latest round

Equity

Latest activity

May 2020