GridGain

GridGain

Private
Foster City, CaliforniaAI, Data & Cloud Infrastructurehttps://www.gridgain.com

Last Round

Series C

Nov 1, 2021

Total Funding Raised

$41M

Company Overview

GridGain Systems is a software company that provides an enterprise-grade, in-memory computing platform designed to increase speed and scalability for data-intensive applications. Built on the open-source Apache® Ignite™, the platform is inserted between application and data layers, enabling high-volume transactions, real-time analytics, and hybrid transactional/analytical processing (HTAP) without requiring a replacement of existing databases. The solution is used by enterprises in various sectors, including financial services, retail, and telecommunications, for use cases like real-time fraud detection, e-commerce personalization, and IoT data processing. GridGain offers its platform for both on-premise and cloud deployments and provides related services such as consulting, training, and support.

Sector

AI, Data & Cloud Infrastructure

Verticals

Database Management, Platform-as-a-Service, Data Integration

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting, Freemium

AI Layer

Non-AI

Keywords

in-memory computingin-memory data gridIMDGApache Ignitereal-time data platformdistributed cacheHTAPapplication accelerationdata-intensive applicationsmanaged Apache Ignitehorizontal scalingstreaming data processingopen-coredatabase monitoring

Historical Pricing

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GridGain Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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GridGain Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CNov 1, 2021
Series B ExtensionFeb 18, 2016
Series BJul 29, 2013
Series ADec 6, 2011

Key People

Founding team and executive leadership

Eoin O' Connor

President CEO

Executive Team

Mark Lockareff

Chief Executive Officer

Executive Team

Rajiv Shah

Principal Architect (CTO Office)

Executive Team

GridGain Investors

Notable investors and investment history

InvestorRounds
Fort Ross VenturesSeries C, Series B Extension
Sberbank of RussiaSeries B Extension
Almaz CapitalSeries B Extension, Series C, Series B

Market signals

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  • Mar 1, 2026

    Trusted by Citi, Barclays, American Airlines, AutoZone, and UPS.

  • Feb 4, 2026

    Announced the Ignite Summit 2026 - Ready for What's Next.

GridGain Filings

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GridGain Filings

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Frequently Asked Questions

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Firmographic Details

HeadquartersFoster City, California
Employee Range132
Year Founded2007
Last FundingNov 1, 2021

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