Israeli cloud solutions co GigaSpaces raises $20m

startup app

GigaSpaces provides pure-play cloud orchestration and data scalability platforms.

Israeli cloud solutions company GigaSpaces Technologies Inc. has raised over $20 million in a new financing 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), and with the participation of existing investors including BRM, FTV and Intel Capital. Headquartered in New York, with its development center in Herzliya Pituach, GigaSpaces provides pure-play cloud orchestration and data scalability platforms.

The 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 sales year to date. 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.

GigaSpace's CEO Zeev Bikowsky said, “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. 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." CI managing director Oded Tal said, “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 by Globes [online], Israel business news - www.globes-online.com - on January 20, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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