Confirmed: Hazelcast Raises $2.5M

As we largely anticipated (read here), Hazelcast, a Palo Alto, CA-based provider of open source in-memory data grid software, raised $2.5m in Series A funding.

Backers included Bain Capital as well as existing investors such as Golden Gate Software’s Ali Kutay. In conjunction with the funding, Salil Deshpande, a Managing Director with Bain Capital, who focuses on software infrastructure, open source, middleware and enterprise software, joined Hazelcast’s board of directors. He has made investments in Groovy, Grails, Maven, DynaTrace (acquired by Compuware), Buddy Media (acquired by, SpringSource (acquired by VMware), Engine Yard (open source, Platform as a Service), Mulesoft (open source enterprise integration), Datastax ( Cassandra NoSQL database), and ZeroTurnaround (deploying Java faster).

Led by Talip Ozturk and Fuad Malikov, Hazelcast provides an open source solution to scaling transactional applications traditionally requiring expensive, proprietary solutions such as Oracle Coherence or VMware Gemfire. In addition, the company also offers Hazelcast Enterprise Edition, which provides Enterprise grade security and elastic memory, and Hazelcast Management Center, which provides an Enterprise-class management and monitoring console.

Hazelcast, which has an R&D office in Istanbul, Turkey, is currently hiring (read here).



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