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2024 Revenue

$9.2M

Funding

$63.6M

YOY

26.5%

Team

189

Founded

2008

How Hazelcast CEO Kelly Herrell grew to $9.2M revenue with a 189 person team in 2024.

Provider of an open source in-memory data grid platform designed to modernize existing applications. The company's open source in-memory data grid platform with installed clusters offer operational in-memory computing, enabling companies to manage their data and distribute processing using in-memory storage and parallel execution for breakthrough application speed and scale.

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Hazelcast Revenue

In 2024, Hazelcast's revenue reached $9.2M. The company previously reported $7.3M in 2023. Since its launch in 2008, Hazelcast has shown consistent revenue growth.

Hazelcast Revenue GrowthReported revenue / ARR over time$0$2M$4M$6M$8M$10M200820102012201420162018202020222024$0$4.9M$9.2MSource: GetLatka.com
YearMilestoneQuote
2024Hazelcast Hit $9.2m revenue in October 2024
2023Hazelcast Hit $7.3m revenue in October 2023
2021Hazelcast Hit $4.9m revenue in April 2021
2008Launched with $0 revenue

Hazelcast Valuation, Funding Rounds

Hazelcast has not publicly disclosed its valuation. The company has raised $63.6M in total funding to date.

Hazelcast has raised $63.6M in total funding across 4 rounds, with its most recent round in 2020.

Hazelcast Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$15M$0.4$30M$0.6$45M$0.8$60M$1$75M2008201020122014201620182020Source: GetLatka.com
YearRoundAmountValuation% SoldQuote
2020Funding round$28.5M--
2019Funding round$21.5M--
2014Funding round$11M--
2013Funding round$2.6M--

Founder / CEO

Kelly Herrell

CEO

Identifies Opportunities: Unique grasp of technology/market/economic interlock Makes, Takes Markets: Rapidly creates dominant position & perception Scales Companies: Builds teams to long-term, highly-differentiated visions Software-Centric: Even for hardware-packaged solutions Leverage: Venture, Strategic Four Start-Ups: Two IPO, two M&A

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

We do not have customer count information for Hazelcast yet.

Hazelcast Employees & Team Size

Hazelcast employs approximately 189 people as of 2026, down from 204 in 2023, including 5 sales reps that carry a quota.

Hazelcast Team GrowthReported headcount over time05010015020025020082010201220142016201820202022202400189189Source: GetLatka.com
YearMilestone
2024Reached 189 employees (December 2024)
2024Reached 204 employees (October 2024)
2023Reached 204 employees (October 2023)
2022Reached 187 employees (October 2022)
2021Reached 165 employees (December 2021)
2021Reached 142 employees (April 2021)

Frequently Asked Questions about Hazelcast

What is Hazelcast's revenue?

Hazelcast generates an estimated $9.2M in annual revenue.

Who founded Hazelcast?

Hazelcast was founded by Kelly Herrell.

Who is the CEO of Hazelcast?

The CEO of Hazelcast is Kelly Herrell.

How much funding does Hazelcast have?

Hazelcast raised $63.6M across 4 rounds.

How many employees does Hazelcast have?

Hazelcast has 189 employees.

Where is Hazelcast headquarters?

Hazelcast is headquartered in Palo Alto, California, United States.

Compare Hazelcast to the industry

Hazelcast operates across multiple industries. Browse revenue, funding, and growth data for Hazelcast in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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