GigaSpaces Technologies, provider of pure-play cloud orchestration and data scalability platforms, has raised over $20 million in a new funding round led by investment firm CI. GigaSpaces provides software middleware for deployment, management and scaling of mission-critical applications on cloud environments through two main product lines, XAP In-Memory Computing and Cloudify.
The funding will be used to 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, said the company.
GigaSpaces said that hundreds of tier-1 enterprises and carriers currently run GigaSpaces XAP and Cloudify in production deployments across multiple industries to enhance IT efficiency and performance.
Zeev Bikowsky, CEO at GigaSpaces
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.
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.
