2024 Revenue
$9.2M(Est.)
Funding
$63.6M
Team
189
Founded
2008
Hazelcast Revenue & Funding (2024)
Hazelcast generated an estimated $9.2M in annual revenue in 2024. Source: GetLatka estimate
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.
Last updated
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Hazelcast Hit $9.2m revenue in October 2024 | Estimated |
| 2023 | Hazelcast Hit $7.3m revenue in October 2023 | Estimated |
| 2021 | Hazelcast Hit $4.9m revenue in April 2021 | Not recorded |
| 2008 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $28.5M | - | - | Not recorded |
| 2019 | Funding round | $21.5M | - | - | Not recorded |
| 2014 | Funding round | $11M | - | - | Not recorded |
| 2013 | Funding round | $2.6M | - | - | Not recorded |
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
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 189 employees (December 2024) | Not recorded |
| 2024 | Reached 204 employees (October 2024) | Not recorded |
| 2023 | Reached 204 employees (October 2023) | Not recorded |
| 2022 | Reached 187 employees (October 2022) | Not recorded |
| 2021 | Reached 165 employees (December 2021) | Not recorded |
| 2021 | Reached 142 employees (April 2021) | Not recorded |
Frequently Asked Questions about Hazelcast
What is Hazelcast's revenue?
As of 2024, Hazelcast generated an estimated $9.2M in annual revenue.
Who founded Hazelcast?
Hazelcast was founded by Kelly Herrell.
When was Hazelcast founded?
Hazelcast was founded in 2008.
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?
As of 2024, Hazelcast had 189 employees.
Where is Hazelcast headquartered?
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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