|Israeli cloud solutions co GigaSpaces raises $20m
|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 dÃ©pÃ´t et placement du QuÃ©bec (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."