Turkish engineers get $2.5M for Hazelcast, an open source in-memory data grid for Java
Sep 21, 2013, 20:00 (0 Talkback[s])
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In Turkey, a group of five engineers developed an elegant solution to tackle one of the biggest challenges for Java developers.
This solution, dubbed Hazelcast, is designed to prevent enterprise applications from drowning in data. Developers need a better way to manage all this data, while ensuring that the application can perform and scale.
“An app can run simultaneously on hundreds of machines, which makes life very complicated for developers,” said Salil Deshpande, a managing director at Bain Capital, the firm that invested almost $2.5 million today. Bain was joined by existing angel investors, including Golden Gate Software’s Ali Kutay.