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

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.”

Published Wednesday, January 20, 2016 9:31 AM by David Marshall
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