Hazelcast
2024 Revenue
$9.2M
Funding
$63.6M
YOY
26.5%
Team
189
Founded
2008
How Hazelcast CEO Kelly Herrell grew Hazelcast 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.
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 |
|---|---|
| 2024 | Hazelcast Hit $9.2m revenue in October 2024 |
| 2023 | Hazelcast Hit $7.3m revenue in October 2023 |
| 2021 | Hazelcast Hit $4.9m revenue in April 2021 |
| 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 |
|---|---|---|---|---|
| 2020 | Funding round | $28.5M | - | - |
| 2019 | Funding round | $21.5M | - | - |
| 2014 | Funding round | $11M | - | - |
| 2013 | Funding round | $2.6M | - | - |
Hazelcast Employees & Team Size
Hazelcast employs approximately 189 people as of 2026, down from 204 in 2023.
Hazelcast has 189 total employees in different roles and functions and 5 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Kelly Herrell
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
| Question | Answer |
|---|---|
| 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.
Frequently Asked Questions about Hazelcast
What is Hazelcast's revenue?
Hazelcast generates $9.2M in 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.
How many employees does Hazelcast have?
Hazelcast has 189 employees.
Where is Hazelcast headquarters?
Hazelcast is headquartered in Palo Alto, California, United States.
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Compare Hazelcast to the industry
Hazelcast operates across multiple industries. Browse revenue, funding, and growth data for Hazelcast in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .