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Primeur weekly 2016-02-22

Crowd computing

Come and build Sisunen, a real supercomputer ...

Quantum computing

A new spin on quantum computing: Scientists train electrons with microwaves ...

Focus on Europe

Bright Computing names Bill Wagner as Chief Executive Officer ...

PRACEdays16 registration is now open ...

ISC High Performance keynote proclaims women's excellence in computational science ...

Flemish Supercomputer Centre selects Mellanox's end-to-end EDR 100Gb/s InfiniBand solution to further science and medical research ...

Middleware

IBM delivers Blockchain-as-a-Service for developers and commits to making blockchain ready for business ...

Hardware

IBM and Cognitiva to usher in a new era of cognitive computing using Watson in Latin America ...

New supercomputer for computational chemistry, biology and physics at University of Western Australia ...

FlashLite sets SPEC benchmark world records ...

GridGain raises $15 million in Series B financing led by Sberbank and MoneyTime Ventures ...

Met Office celebrates 'topping out' of supercomputer complex ...

Applications

Groundbreaking leader of computation at Lawrence Livermore National Laboratory retires ...

Titan probes depths of biofuel's biggest barrier ...

New projects pair U.S. manufacturers with Oak Ridge National Laboratory computing resources ...

AweSim-EWI project among those chosen for DOE HPC4Mfg award ...

Simulation reconstructs in detail the volcanic super-eruption which slowed the advance of modern man in Europe ...

University of Nebraska-Licoln supercomputers help gravitational wave discovery ...

The Cloud

EMC and VMware introduce hyper-converged VCE VXRAIL Appliance family ...

IBM unveils new mainframe for encrypted hybrid Clouds ...

Calix uses Oracle Cloud Platform to accelerate innovation ...

IBM Watson Health announces plans to acquire Truven Health Analytics for $2.6B, extending its leadership in value-based care solutions ...

Zycko deploys VM Aware storage solution from Mellanox and Tintri for private Cloud data centre ...

Award honours work of Genomics Virtual Lab team at University of Queensland ...

Connected high-speed data storage coming to University of Queensland ...

GridGain raises $15 million in Series B financing led by Sberbank and MoneyTime Ventures

18 Feb 2016 Foster City - GridGain Systems, provider of the enterprise-grade In-Memory Data Fabric based on Apache Ignite, has raised $15 million in Series B financing led by Sberbank and MoneyTime Ventures, with the participation of Almaz Capital and RTP Ventures. Victor Orlovski, General Partner at MoneyTime Ventures, will also join the GridGain board of directors. The funding round will be used to expand sales, marketing and R&D, and to fuel GridGain's continued international growth. Through its participation in the Apache Ignite open source project, GridGain owns a strong leadership position in the in-memory computing market, which Gartner expects to grow to $10 billion by 2019.

"This funding round reflects GridGain's tremendous sales growth and solid execution during the past three years", stated Abe Kleinfeld, President and CEO of GridGain. "It also acknowledges the rapid market shift from traditional disk and flash-based storage to high-speed, high-scale in-memory computing architectures, and the emergence of the converged data platform. GridGain has averaged triple-digit annual sales growth during the past three years, recently expanded into Europe, and made successful inroads in financial services, tech and other verticals. This funding will enable us to accelerate our momentum and extend our market leadership."

Launched in 2010, GridGain provides the In-Memory Data Fabric, a proven enterprise-grade software platform based on the Apache Ignite open source project. The software delivers unprecedented speed and unlimited scale to accelerate business and time to insights. The In-Memory Data Fabric enables high-performance transactions that run up to 1,000x faster than disk-based approaches. It also provides real-time streaming and fast analytics in a single, comprehensive data access and processing layer.

The solution powers existing and new applications in a distributed, massively parallel architecture on affordable, industry-standard hardware, which can be easily scaled by adding more nodes to the compute grid. In 2015, GridGain was selected by AlwaysOn as an "AlwaysOn Global 250 Winner", and was named a "Trend-Setting Product in Data and Information Management for 2016" by Database Trends and Applications.

"Data has evolved into the new asset of a modern enterprise, and the ability to mine this data rapidly and intelligently is a sum of the platform and individual competencies", stated Andrey Khlyzov, Senior Vice President at Sberbank and a major GridGain customer. "GridGain has enabled us to acquire unique expertise and co-develop a market-winning platform."

Victor Orlovski, General Partner at MoneyTime Ventures and GridGain board member, added: "We are very excited about this market and the opportunity to invest in GridGain, which has already demonstrated industry and market leadership and established a very impressive international presence."
Source: GridGain

Back to Table of contents

Primeur weekly 2016-02-22

Crowd computing

Come and build Sisunen, a real supercomputer ...

Quantum computing

A new spin on quantum computing: Scientists train electrons with microwaves ...

Focus on Europe

Bright Computing names Bill Wagner as Chief Executive Officer ...

PRACEdays16 registration is now open ...

ISC High Performance keynote proclaims women's excellence in computational science ...

Flemish Supercomputer Centre selects Mellanox's end-to-end EDR 100Gb/s InfiniBand solution to further science and medical research ...

Middleware

IBM delivers Blockchain-as-a-Service for developers and commits to making blockchain ready for business ...

Hardware

IBM and Cognitiva to usher in a new era of cognitive computing using Watson in Latin America ...

New supercomputer for computational chemistry, biology and physics at University of Western Australia ...

FlashLite sets SPEC benchmark world records ...

GridGain raises $15 million in Series B financing led by Sberbank and MoneyTime Ventures ...

Met Office celebrates 'topping out' of supercomputer complex ...

Applications

Groundbreaking leader of computation at Lawrence Livermore National Laboratory retires ...

Titan probes depths of biofuel's biggest barrier ...

New projects pair U.S. manufacturers with Oak Ridge National Laboratory computing resources ...

AweSim-EWI project among those chosen for DOE HPC4Mfg award ...

Simulation reconstructs in detail the volcanic super-eruption which slowed the advance of modern man in Europe ...

University of Nebraska-Licoln supercomputers help gravitational wave discovery ...

The Cloud

EMC and VMware introduce hyper-converged VCE VXRAIL Appliance family ...

IBM unveils new mainframe for encrypted hybrid Clouds ...

Calix uses Oracle Cloud Platform to accelerate innovation ...

IBM Watson Health announces plans to acquire Truven Health Analytics for $2.6B, extending its leadership in value-based care solutions ...

Zycko deploys VM Aware storage solution from Mellanox and Tintri for private Cloud data centre ...

Award honours work of Genomics Virtual Lab team at University of Queensland ...

Connected high-speed data storage coming to University of Queensland ...