Business Wire

GigaSpaces Raises $20 Million to Seize Momentum in Hyper-Growth Cloud Market

Del

GigaSpaces Technologies, provider of pure-play cloud orchestration and data scalability platforms, has raised over $20 million in a new round. The investment was led by Claridge Israel (CI), a partnership between Claridge Inc. /the Stephen R. Bronfman Family Office and la Caisse de dépôt et placement du Québec (CDPQ) focused on solid, growth companies that possess a technological advantage, and with the participation of existing investors including BRM, FTV and Intel Capital.

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 the area of hybrid cloud, NFV and real-time analytics.

The investment follows GigaSpaces’ best year to date in revenue. Hundreds of tier-1 enterprises and carriers currently run GigaSpaces flagship products, Cloudify and XAP, in production deployments across multiple industries to enhance IT efficiency and performance. In 2015 alone, the company has reached milestone accomplishments, including

  • Achieved record annual revenue
  • Tripled product adoption
  • Closed several record multi-million dollar deals from tier-one enterprises for both Cloudify and XAP
  • Implemented Cloudify orchestration at more than 20 Telco providers for NFV initiatives.

“CI’s investment is a testament to the fact that GigaSpaces has developed a portfolio of technologies, products and customer pipeline that comprise a growth engine,” said Zeev Bikowsky, CEO at GigaSpaces. “This speaks to the importance of giving enterprises and carriers a pure-play orchestration option for management and automation across VMware, OpenStack and public cloud environments. Similarly, we solve the problem of collecting and analyzing vast amounts of information about application behavior in real-time."

“We are excited about GigaSpaces, and its profile very much fits our investment strategy - a solid company that holds a technological advantage and that can pursue substantial growth opportunities in more than one area,” said Oded Tal, CI's Managing Director. “GigaSpaces is now well positioned in two areas with high growth potential – cloud and real-time analytics. We hope that this investment will allow the company to leverage its capabilities and further scale its business across the board.”

About GigaSpaces

GigaSpaces Technologies provides pure-play cloud orchestration and data scalability platforms through two main product lines, Cloudify and XAP. Hundreds of Tier-1 organizations worldwide are leveraging GigaSpaces’ technology to enhance IT efficiency and performance, from top financial and insurance firms, Telco carriers, e-Commerce companies, transportation firms and healthcare organizations. GigaSpaces maintains offices in the US, Europe and Asia Pacific. More at www.gigaspaces.com

Contact information

GigaSpaces
Eliza Croen
eliza@gigaspaces.com
@ecroen221

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

SES Networks Works with Project Loon to Restore Connectivity in Puerto Rico23.10.2017 17:14Pressemelding

SES Networks' high throughput and fibre-like satellite connectivity service, the stratospheric balloons operated by X, Alphabet’s self-described “moonshot factory”, and local telecommunications expertise are playing a key role in restoring 4G/LTE connectivity in disaster-affected Puerto Rico, SES announced today. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171023006165/en/ SES Networks Works with Project Loon to Restore Connectivity in Puerto Rico (Photo: Business Wire) The connectivity is powered by Project Loon's targeted cell coverage and SES Networks' O3b FastConnect, a rapidly deployable satellite terminal delivering fibre-like performance. Together with local technology partners, SES Networks and X are providing reliable high-performance connectivity to Puerto Ricans whose lives have been dev

Sagemcom Unveils the Next-Generation Multi-Gigabit Solutions23.10.2017 16:05Pressemelding

AFTER THE SUCCESS OF ITS ONE GIGABIT GATEWAY RANGE, SAGEMCOM RELEASES TO THE OPERATORS THE NEXT GENERATION MULTI-GIGABIT GATEWAYS – VDSL 35B / G.FAST / PON, 2.5G/10G PON, DOCSIS 3.1 – INTEGRATING HIGH EFFICIENCY 802.11AX Wi-Fi, IN ADDITION TO NEW SMART HOME CONNECTIVITY SOLUTIONS INCLUDING DISTRIBUTED WI-FI, VOICE CONTROL AND HOME AUTOMATION. The VDSL 35B / G.fast / FTTH / PON universal gateway, F@st 5380, integrates G.fast 212MHz, GPON and 802.11ax Wi-Fi, enabling the operators to deliver Multi-Gigabit end-to-end services, and to meet the growing bandwidth required by the end-users. F@st 5380 benefits from the last innovations of the in-house field proven Sagemcom SWANTM software suite including big data, Wi-Fi distribution, smart diagnostics… The next generation Fiber gateways range includes two products: F@st 5688ax for 10G PON (XGS-PON

Moody’s Analytics Launches the CreditLens™ Platform23.10.2017 15:43Pressemelding

Moody’s Analytics has launched the CreditLens platform, our next-generation credit origination and risk monitoring solution. This new platform offers flexibility, configurability, and efficiency to lending institutions striving to establish smarter and leaner loan origination practices. The CreditLens platform reduces time-to-decision while tapping into powerful models and insightful analytics that help lenders manage risk and drive productivity. Lenders gain efficiency from the solution’s automated spreading capability and a flexible model authoring module. They also gain deep insights from built-in Moody’s Analytics Risk Grading features and Business Insights dashboards, which provide a complete view of the lender’s credit relationships. Automation in the platform also reduces errors and preserves data lineage throughout the credit assessment and origination process.

Knopp Biosciences Announces Renewal of NIH Blueprint Grant Award for Advancing KCNQ2 Modulators in Epilepsy23.10.2017 15:11Pressemelding

Knopp Biosciences LLC today announced the renewal and expansion of its grant award from the National Institutes of Health Blueprint Neurotherapeutics Network to advance novel treatments for epilepsy. The Phase 2 award under the NIH Small Business Innovation Research (SBIR) program anticipates NIH support of up to $2 million over the next three years of the project, subject to satisfactory completion of milestones. The renewal follows the successful completion of all milestones under a previously awarded Phase 1 grant of $400,000. Knopp is directing its potassium channel activator program to preclinical and clinical development of small-molecule drug candidates against a validated, anti-seizure pharmaceutical target encoded by the KCNQ2 gene. Knopp intends to advance novel, small-molecule KCNQ2 activators in neonatal epileptic encephalopathy, a rare disorder caused by inherit

HCL Technologies Powers Volvo Ocean Race 2017-1823.10.2017 13:02Pressemelding

The 2017-18 edition of the Volvo Ocean Race was flagged off at Alicante, Spain, with HCL Technologies as the strategic IT services provider. The leading global IT services company has provided end-to-end infrastructure support as well as connectivity between the Race Village and the Command Centre in Alicante further connecting them to 12 Host Cities on the race route globally. The world's longest and toughest professional sporting event began at Alicante and will finish eight months later at The Hague. At the flag-off, Jordi Neves, Chief Digital Officer, Volvo Ocean Race, said: “Over four decades, Volvo Ocean Race has drawn some of the greatest ever sailors. This edition of the race will be more digitally focused than before, with HCL as the strategic IT services provider. This edition is also special for us as we embark on a major Sustainability Program in partnership wi

CES Unveiled Paris Returns Tomorrow for Fifth Year with 70+ Exhibitors23.10.2017 13:00Pressemelding

Consumer Technology Association (CTA):   WHAT:             CES Unveiled Paris returns to Paris tomorrow, for its fifth consecutive year, hosting more than 70 exhibitors. More than 600 attendees are expected at the event which will unite French tech startups, top media, buyers and industry influencers around the latest tech innovation and provide a preview of CES® 2018. Schedule as follows:  

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom