Press Release Provided By Hazelcast –
After a stellar year of multiple product and partnership launches with Intel Corporation and IBM, we congratulate Hazelcast on the expansion of its Series D round due to over-subscribed interest from global investment entities. The European Bank for Reconstruction and Development (EBRD), via its Venture Capital Investment Programme, and the German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) join C5 Capital, Bain Capital Ventures, Earlybird Venture Capital and Capital One Growth Ventures in this round, while Comerica Bank has provided a growth debt facility. Hazelcast is the leading in-memory computing platform that delivers radically fast application performance at scale.
The additional capital will further accelerate the company’s expanding roadmap for supporting enterprise cloud, edge and machine learning initiatives, including the previously announced co-engineering initiative with Intel and the reselling agreement through IBM. Hazelcast will also expand its global footprint to better serve its customers in the financial services, telecommunications, e-commerce and other key industries.