Hazelcast Closes on $21.5 Million

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Palo Alto, CA based Hazelcast announced it has raised $21.5 million in venture funding.

It’s funding came from lead investor C5 Capital, with support from Capital One Growth Ventures, Bain Capital Ventures, and Earlybird Venture Capital. It plans to use the funding to accelerate product roadmap and expand go-to-market capabilities.

The startup, led by CEO Kelly Herrell, delivers the System of Now(TM), an in-memory computing platform that empowers Global 2000 enterprises to deliver innovative, low-latency, data-centric applications. Built for ultra-fast processing at extreme scale, Hazelcast’s cloud-native in-memory data grid and event stream processing technologies are trusted by leading companies such as J.P. Morgan Chase, Charter Communications, Ellie Mae, UBS and National Australia Bank to accelerate business-critical applications.