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
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Achieved record annual revenue
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Tripled product adoption
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Closed several record multi-million dollar deals from tier-one
enterprises for both Cloudify and XAP
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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.”