Hazelcast is an in-memory computing platform that provides scalable and high-performance solutions for data storage and processing.
Hazelcast Jet provides a powerful stream processing and batch processing engine, allowing businesses to analyze and act on real-time data. This helps solve the problems of data scalability, low latency, and real-time analytics for modern applications.
Its products integrate with existing systems and applications, enabling organizations to leverage the power of in-memory computing without significant architectural changes. Additionally, Hazelcast supports various programming languages and frameworks.
Hazelcast follows a commercial open-source sales model; the core features are available as open-source software. However, Hazelcast offers additional enterprise features, support, and managed services through commercial licensing and subscription plans.
Key customers and partnerships
As of June 2023, Hazelcast partners with all major cloud providers (AWS, Azure, Google Cloud) and has technology partnerships with IBM and Intel.
Funding and financials
As of June 2023, Hazelcast’s latest fundraising was in 2020 from a USD 28.5 million Series D round led by European Bank for Reconstruction and Development.
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