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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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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 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 | - | - | |
| 2019 | Funding round | $21.5M | - | - | |
| 2014 | Funding round | $11M | - |
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Advice for 20 year old self | - |
We do not have customer count information for Hazelcast yet.
Hazelcast employs approximately 189 people as of 2026, down from 204 in 2023, including 5 sales reps that carry a quota.
Hazelcast generates an estimated $9.2M in annual revenue.
Hazelcast was founded by Kelly Herrell.
The CEO of Hazelcast is Kelly Herrell.
Hazelcast raised $63.6M across 4 rounds.
Hazelcast has 189 employees.
Hazelcast is headquartered in Palo Alto, California, United States.
Hazelcast operates across multiple industries. Browse revenue, funding, and growth data for Hazelcast in each sector below.
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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85 associated members
2024 Revenue
$9.2M(Est.)
Funding
$63.6M
Team
189
Founded
2008
| 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 | |
| 2008 | Launched with $0 revenue |
| - |
| 2013 | Funding round | $2.6M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 189 employees (December 2024) | |
| 2024 | Reached 204 employees (October 2024) | |
| 2023 | Reached 204 employees (October 2023) | |
| 2022 | Reached 187 employees (October 2022) | |
| 2021 | Reached 165 employees (December 2021) | |
| 2021 | Reached 142 employees (April 2021) |
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