C5 Capital Leads $21.5 Million Funding Round in Hazelcast

Following the investment C5 Capital take a seat on the board of the
data technology company to help further accelerate the growth of
Hazelcast’s product roadmap

LONDON–(BUSINESS WIRE)–C5
Capital
, the specialist venture capital firm focused on investing in
cyber security, data analytics and cloud computing infrastructure, today
announced that it has led a $21.5 million funding round in Hazelcast.
C5 Capital will join Hazelcast’s Board of Directors, bringing
significant experience working with fast-growing cloud computing
companies. Existing Hazelcast investors, Bain Capital Ventures,
Earlybird Venture Capital and Capital One Growth Ventures also
participated in the round.

Hazelcast, based in Palo Alto, California, is the leading in-memory
computing platform that delivers the System of Now™, an utlra-fast
processing architecture for mission-critical applications where
microseconds matter. The world’s most data-centric companies complement
their systems of record, such as databases, by creating a System of Now
that operates in near real-time to accelerate applications, such as
online stores, fraud detection, online trading and other customer-facing
use cases. Unlike the disk-based designs used by systems of record, the
System of Now uses in-memory computing to process data at tremendous
speed and scale, especially for new data-centric workloads.

With a strong customer base consisting of predominantly Global 2000
enterprises, Hazelcast’s annual recurring revenue (ARR) has grown 300
percent in the past three years. Hazelcast customers include J.P. Morgan
Chase, Charter Communications, Ellie Mae, UBS, National Australia Bank
and many more. With this new investment, Hazelcast, which was founded in
2012, will accelerate its product roadmap and bolster go-to-market.

Kelly Herrell, CEO of Hazelcast, said: “From the cloud to the internet
of things, the macro trends hitting today’s enterprises require a new
approach to data processing for meeting the time-sensitive demands of
data-centric applications. Hazelcast enables its customers to establish
a System of Now through its platform that scales linearly and delivers
the industry’s fastest processing for stored and streaming data, leaving
competitive offerings far behind as data sizes and processing loads
grow.”

C5 is a prolific investor in the secure data ecosystem, with a
specialism in mid to late stage pioneering and disruptive companies in
cloud computing, cyber security, data analytics, and AI. Earlier this
year it anchored a $17 million Series B financing round in Blue
Cedar, the leading mobile app security integration platform, and last
November, it led an $18m investment round in 4iQ, the US and European
identity-focused cyber intelligence company. In 2018 C5 Capital had two
exits, selling its investments in both the Danish identity and access
management provider Omada and the Hungarian privileged access management
company Balabit.

Andre Pienaar, Founder and Managing Partner at C5 Capital, added: “As
the world’s largest organisations continue to evolve their business
applications the need for Fast Data will become ever more apparent.
Hazelcast is uniquely positioned to support these organisations and we
are delighted to have led this funding round.”

William Kilmer, US Managing Partner at C5 Capital, said: “At C5
Capital, we invest in companies that empower enterprises to generate
more value from their data. As the sheer volume of data available
continues to grow, enterprises need ever faster systems for helping them
to access, analyse and asses that data. Hazelcast offers the world’s
only in-memory computing platform that can process both stored and
streaming data, with the lowest possible latency, at any scale,
anywhere.”

– ENDS –

About C5 Capital

C5 Capital Limited (C5) is a specialist venture capital firm, focused on
investing in cyber security, data analytics and cloud computing
infrastructure. Headquartered in London, C5 also has offices in
Washington, Munich, Luxembourg and Bahrain. For more information, visit: www.c5capital.com.

About Hazelcast, Inc.

Hazelcast delivers the System of Now™, 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.

Hazelcast is headquartered in Palo Alto, CA, with offices across the
globe. https://hazelcast.com/.

Contacts

Press Contact – C5 Capital
Emily Jones, Hudson Sandler
[email protected]
0207
706 4133

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