Welcome!

Mobile IoT Authors: Elizabeth White, Zakia Bouachraoui, Pat Romanski, Yeshim Deniz, Carmen Gonzalez

Blog Feed Post

GridGain Closes $2.5 Million Series A Funding

GridGain Closes $2.5 Million Series A Funding to Accelerate Innovation in Real Time Big Data Processing

Innovative Cloud-Based Software Middleware Provider Receives Financing Led by RTP Ventures

Foster City, CA (PRWEB) December 06, 2011 — GridGain, the leader in high performance cloud computing and real time big data processing, today announced that it has closed a $2.5 million Series A round of financing led by RTP Ventures. The company will use the new funding to accelerate growth, continue innovation in real time big data processing, and expand its global market share.

News Facts

  • GridGain is used by leading Fortune 500 companies including Sony, Apple, McGrawHill, Avis, TomTom, Markit, Daiwa, Thomson Reuters, and others across the finance, retail, Web 2.0 and telecom markets
  • More than 500 businesses use GridGain’s software on a daily basis to address the scalability and real time processing issues surrounding massive data growth
  • GridGain software starts every 10 seconds around the globe
  • There have been over 6,000,000 product starts since the initial release of version 1.0 in 2007
  • GridGain is home to one of the most active user forums for cloud-based middleware, with over 150,000 views since 2007

Supporting Quotes

Kirill Sheynkman, Managing Director, RTP Ventures
“The real-time need to process big data is here, and it’s getting bigger with every tweet, like, and NFC wave. By uniquely combining compute and in-memory data grids into a scalable, real-time platform, GridGain takes webscale data analytics beyond ETL-like Hadoop scripts into the modern world. With a solid technological foundation, GridGain lets businesses stem the swelling information tide, and enables them to make real-time decisions according to their rules without breaking the bank for refrigerator-sized data appliances. The investment rationale is simple: lucrative and growing market, unique company-created technology, and a smart founding team that proved they can build product before asking for money — that’s RTP’s strike zone.”

Salil Deshpande, General Partner, Bay Partners
“It’s been a joy to be involved in the company’s progress over the last three years, and see the creation of the only middleware platform to provide integration between compute and in-memory data grid technologies. I’m excited for the opportunities GridGain will have going forward.”

Nikita Ivanov, Founder and CEO, GridGain Systems
“The funding we received in our Series A round is a strong endorsement of GridGain’s market opportunities and the high growth potential for companies focused on enabling real time live data processing and analytics. The GridGain team has executed exceptionally well to-date and I am excited to have the resources to accelerate the growth of the company as we expand our operations.”

Additional Resources

About RTP Ventures
RTP Ventures is the US arm of ru-Net Holdings, one of the largest internet and technology investors in Russia. ru-Net portfolio hits include Ozon and Yandex. With approximately $700M under management, RTP plans on actively investing in software companies in the United States focusing on Cloud Computing, Software as a Service, and Internet Infrastructure technologies. RTP is led by Kirill Sheynkman, a serial Entrepreneur and experienced Venture Capitalist based in New York City. Find our more at http://www.rtp.vc

About GridGain
GridGain Systems Java-based open source middleware platform allows companies to harness live data for smarter, faster real time processing and analytics. GridGain software is used by companies who see real time big data as a strategic asset. It provides unique integration between compute and in-memory data grid technologies and scales up from a single server to thousands of machines. With tens of thousands of downloads and hundreds of deployments, GridGain software starts every 10 seconds around the globe today. Founded in 2005, GridGain is headquartered in Foster City, California. More information about GridGain is available at: http://www.gridgain.com

Read the original blog entry...

More Stories By Thomas Krafft

Over 15 years of experience in marketing and demand creation, with strategies driving over $500 million in revenue for a variety of companies in several high-growth and competitive markets, including consumer software and web services, ecommerce, demand creation through web and search, big data, and now healthcare.

IoT & Smart Cities Stories
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility.
Today's workforce is trading their cubicles and corporate desktops in favor of an any-location, any-device work style. And as digital natives make up more and more of the modern workforce, the appetite for user-friendly, cloud-based services grows. The center of work is shifting to the user and to the cloud. But managing a proliferation of SaaS, web, and mobile apps running on any number of clouds and devices is unwieldy and increases security risks. Steve Wilson, Citrix Vice President of Cloud,...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...