What is Hazelcast?
Hazelcast is a leading provider of operational in-memory computing solutions, serving tens of thousands of installed clusters and processing over 23 million server starts monthly. Its platform empowers major enterprises, including Capital One and Deutsche Bank, to manage data and distribute processing with unparalleled speed and scale through in-memory storage and parallel execution. Hazelcast's developer-friendly approach facilitates the modernization of existing applications and the creation of new, innovative solutions, positioning it as a key player in high-performance computing environments.
How much funding has Hazelcast raised?
Hazelcast has raised a total of $88.2M across 5 funding rounds:
Series A
$2.6M
Series B
$11M
Private Equity
$3.1M
Series C
$21.5M
Series D
$50M
Series A (2013): $2.6M with participation from Bain Capital Ventures
Series B (2014): $11M led by Bain Capital Ventures and Earlybird Venture Capital
Private Equity (2017): $3.1M, investors not publicly disclosed
Series C (2019): $21.5M featuring Capital One Growth Ventures, Bain Capital Ventures, Earlybird Venture Capital, and C5 Capital
Series D (2020): $50M backed by Capital One Growth Ventures, Bain Capital Ventures, EBRD, Earlybird Venture Capital, DEG, and C5 Capital
Key Investors in Hazelcast
Capital One Growth Ventures
Capital One Growth Ventures, part of Capital One Financial Corporation, is a diversified financial services entity that provides comprehensive banking solutions. It focuses on delivering specialized financial products and services to consumers, small businesses, and commercial clients through various integrated channels.
Bain Capital Ventures
Bain Capital Ventures is a prominent private investment firm with a global platform that invests across private equity, growth & venture, capital solutions, credit & capital markets, and real assets. The firm is known for its deep sector expertise and collaborative approach to driving innovation and creating exceptional outcomes.
Earlybird Venture Capital
Earlybird is a venture capital investor established in 1997, concentrating on European technology innovators. The firm actively invests in technology and medical sectors, aiming to support groundbreaking advancements and foster growth within these industries.
What's next for Hazelcast?
The recent major strategic investment signals Hazelcast's readiness for accelerated expansion and market penetration. This capital infusion is expected to fuel further product development, enhance its global sales and marketing efforts, and potentially support strategic acquisitions. As Hazelcast continues to solidify its position in the competitive in-memory computing landscape, this funding will be critical in driving innovation and capturing a larger market share, reinforcing its role as a vital technology partner for data-intensive enterprises.
See full Hazelcast company page
