GridGain

GridGain, the developer of corporate software solutions based on Apache Ignite, was founded in 2005 by programmers Nikita Ivanov and Dmitry Setrakyan. Is based in the USA, the city of Plezanton in Silicon Valley. The company also has a development center in St. Petersburg.

GridGain specializes in software development for work with large volumes of RAM in real time (technology In-Memory Computing, IMC). Use of IMC technology allows to accelerate work with big databases. In recent years there was a set of such "accelerators". One of the most known -the SAP solution HANA.

GridGain develops the platform of distributed computing with the open code on Java distributed under the licenses LGPL and Apache 2.0. The first release of the platform left in 2007. Solutions of GridGain are integrated by databases (SQL, NoSQL, Apache Hadoop) with cloud applicaions and provide high capacity of data and ultra-low latency in a scalable server cluster.

Among clients of the company -Apple,Canon,Sony, Moody’s and others.

History and performance indicators

2017: Cooperation with Huawei

On September 15, 2017 the Huawei company signed the memorandum of understanding with GridGain Systems companies, the developer of the advanced integration distributed systems, and ISS - Intelligent Systems of Security. Cooperation will be carried out based on Open Lab in Moscow which will open in November, 2017.

Main goal of cooperation of Huawei with GridGain — a customer support of the financial sector, the government and large enterprises therefore joint development of solutions in the sector of financial services, city security, the transport industry and power is supposed. Read more here.

2016: Trebling of revenue

• GridGain Systems revenue more than doubles every year within the last four years. In 2016 sales to the company practically trebled in comparison with results of 2015. Sales volumes only for the fourth quarter 2016 exceeded an indicator for all 2015.
• The company expanded the transactions on the countries of Europe and the CIS, having reached successful agreements with clients in the field of financial services, a fintekh, software development, electronic and retail, online of business services, health care, telecommunications, IoT, web applications and other sectors.
• The company closed a round B investments on which bid book was re-signed, and attracted in its framework 4 million dollars of strategic investments from the global multi billion company in the field of information and communication technologies. The total amount of the involved investments taking into account a round was 16.3 million dollars.
• The number of the GridGain Systems command grew twice in 2016 at the expense of new employees in divisions of development, sales, marketing and transactions. The company expanded the presence in the markets of Western Europe, North America and Russia.

2015: $15 million from Sberbank and venture funds

In February, 2016 Sberbank and funds Almaz Capital, MoneyTime Ventures and RTP Ventures (one of funds Leonid Boguslavsky) announced that they invested in GridGain. The volume of a round was $15 million. As a result of the transaction the general partner of MoneyTime Ventures, Victor Orlovsky joined GridGain Systems the board.

Means from investors will go to sales increase, expansion of marketing, research and development and to further international expansion: recently the company expanded presence to Europe.

Earlier, in January, 2016, the president of Sberbank German Gref reported^[1]that its bank buys GridGain share block. He characterized it as the company, "who won the tender against Oracle,IBM and others, it appeared 10 times more these largest companies".

GridGain offers technology which works with big databases, and allows to accelerate considerably calculations because data are pulled out in RAM where transactions are made,Alexander Galitsky, the managing partner of Almaz Capital Partners fund noted in a conversation with RBC. Integrating such solutions in the systems, the companies can sometimes reduce IT costs by 20 times, he added.

In December, 2015 GridGain received $5.6 million from Sberbank: the bank carried out at it purchase of the product GridGain In-Memory Data Fabric as at the only^[2].

To this Almaz Capital and RTP Ventures invested in GridGain Systems in 2013. The volume of a round was $10 million. Representatives of Almaz Capital and RTP joined GridGain the board. In total the company attracted $27.5 million.

2013: The investment attraction from Almaz Capital

In June, 2013 GridGain attracted investments in the amount of $10 million from Almaz Capital Partners and RTP Ventures funds^[3]. The company was going to spend the raised funds for acceleration of an output to the software market which develops.

2011: The investment attraction from RTP Ventures

In December, 2011 GridGain attracted the first investments. The RTP Ventures fund organized the first round of investments, having invested $2.5 million in the company. Under the terms of the transaction the representative of fund joined GridGain the board.

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