GridGain Systems Receives $10,000,000 Series B Funding

  • Feed Type
  • Date
    7/29/2013
  • Company Name
    GridGain Systems
  • Mailing Address
    1065 East Hillside Blvd Foster City, CA 94404
  • Company Description
    GridGain develops software for companies who see real time big data as a strategic asset and who need live data business analytics and processing.
  • Website
    http://www.gridgain.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This new capital will be used to rapidly expand sales, marketing and new product development to meet the growing need for In-Memory Computing (IMC) in big data environments.
  • M&A Terms
  • Venture Investor
    Almaz Capital Partners
  • Venture Investor
    RTP Ventures