Details

Last Funding Type

Series D

Last Funding Money Raised

$28.50M

Industries

Cloud Computing,Cloud Data Services,Data Storage,Enterprise Software,Open Source,Software

Founded date

Dec 20, 2012

Number Of Employee

101 - 250

Operating Status

Active

Hazelcast is a provider of an open-source in-memory computing platform used for caching, stream processing, and microservices. It aims to address the growing demand for enhanced application performance, data processing speed, and scalability.

Hazelcast's in-memory computing platform is comprised of two core products, the Hazelcast IMDG and Jet. Hazelcast IMDG is an in-memory data grid that provides high availability and scalability by distributing data across multiple nodes. Hazelcast Jet is an ultra-fast, application embeddable, stream, and batch processing engine capable of supporting real-time streaming data. The company also offers Hazelcast Cloud, a fully managed, low latency data layer for cloud-based workloads at any scale.

Hazelcast’s customers include 50 of the largest financial institutions, seven of the top telecommunications providers, and six of the biggest e-commerce retailers.