What is Hazelcast?
Hazelcast is recognized as the leading provider of operational in-memory computing solutions, boasting tens of thousands of installed clusters and an impressive monthly figure of over 23 million server starts. Its platform empowers major companies, including Capital One, Chicago Board Options Exchange, Deutsche Bank, Ellie Mae, and Mizuho Securities USA, to effectively manage their data and distribute processing. By leveraging in-memory storage and parallel execution, Hazelcast enables unprecedented application speed and scalability. The company's developer-friendly approach facilitates the modernization of existing applications while simultaneously providing a robust foundation for the development of new, innovative solutions. Headquartered in Palo Alto, California, Hazelcast also maintains offices in Ankara, Istanbul, London, and New York City, indicating a global operational footprint.
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 Earlybird Venture Capital, Capital One Growth Ventures, Bain Capital Ventures, and C5 Capital
Series D (2020): $50M backed by DEG, Bain Capital Ventures, EBRD, Capital One Growth Ventures, Earlybird Venture Capital, and C5 Capital
Key Investors in Hazelcast
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm that invests in early-stage and growth-stage companies. They focus on identifying and supporting innovative businesses across various sectors, providing strategic guidance and capital to foster significant growth and market leadership.
Earlybird Venture Capital
Earlybird Venture Capital is a European venture capital investor specializing in technology innovators. They actively support companies in the technology and medical sectors, aiming to drive innovation and scale for their portfolio businesses within the European market and beyond.
Capital One Growth Ventures
Capital One Growth Ventures is the venture capital arm of Capital One Financial Corporation, focused on investing in companies that align with Capital One's strategic interests in financial technology and services. They provide capital and strategic support to foster innovation within the financial services ecosystem.
What's next for Hazelcast?
With a history of consistent capital raises, including a Series B in 2014, Series C in 2019, and a significant Series D in 2020, Hazelcast is well-positioned for continued expansion and innovation. The "major enterprise-level funding" context suggests the company is in a scaling phase, likely focusing on enhancing its product offerings, expanding its market reach, and potentially pursuing strategic acquisitions. The "major strategic investment" aspect of the recent funding indicates a strong alignment with investors who not only provide capital but also offer valuable industry insights and partnerships. This strategic backing will likely fuel further development of its in-memory computing platform, enabling Hazelcast to address increasingly complex data management and processing challenges for its enterprise clientele.
See full Hazelcast company page
