Hazelcast, an emerging In-Memory Computing leader, founded in 2008, continues its expansion and the recent IT Press Tour had the opportunity to meet Kelly Herrell, CEO, and part of his team.The explosion of data volume and the growing presence of mobile devices and the boom of IoT require even more real-time interactions for users with their applications and super fast results. It means that in-Memory Computing platforms sees its adoption accelerates with immediate ROI.
The In-Memory Computing model relies most of the time on databases and targets the most demanding part of it. In that approach, databases are used as a standard data store layer and IMDG (In-Memory Data Grid) just extract and copies needed subset of data.
From a legacy model to a new one without replacing the working classic approach and by adopting IMDG, enterprises boost their quality of service with an investment protection.
The company entered recently in a new era with a new senior CEO Kelly Herrell. We anticipate a potential new round as currently the company only raised a total of $13.6M with a last round of $11M in 2014. Hazelcast first customer sale was in 2014, today a few hundreds ones worldwide with a dominance in finance and globally 40% of the business comes from Europe. We'll see but 2019 should be a good year for Hazelcast with some clear new directions...
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