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GigaSpaces

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GigaSpaces Technologies Inc.
Company typePrivate
IndustrySoftware
Founded2000
FoundersNati Shalom
Headquarters
New York City, United States
,
US
Key people
Adi Paz (CEO)
Ira Palti (Executive Chairman)
Products
  • XAP
  • Smart DIH
  • eRAG
Websitewww.gigaspaces.com

GigaSpaces Technologies Inc. is a private American software company founded in 2000 and headquartered in New York City. The company develops software for real-time and AI data solutions, including eRAG, an enterprise retrieval-augmented generation platform for natural-language querying and semantic reasoning of structured operational data.

Its other products include SmartDIH and XAP, used in in-memory computing and low-latency processing across industries such as finance, retail and transportation.[1][2][3][4]

History

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GigaSpaces was founded in 2000 by Nati Shalom. The company initially focused on distributed computing and later expanded into in-memory technologies.[1][5][failed verification][2][6] In 2012, GigaSpaces introduced the open-source platform-as-a-service project Cloudify.[1] In 2016, it launched the real-time analytics platform InsightEdge.[1][7][8] Cloudify was spun off as an independent company in 2017.[1][9][10]

In 2020, the company launched managed services on Google Cloud Platform and raised US$12 million in funding led by Fortissimo Capital, bringing the total investment to US$47 million.[4][11][12]

In May 2020, GigaSpaces announced $12 million financing led by Fortissimo Capital.[13]

In 2021, GigaSpaces introduced the Smart Digital Integration Hub (DIH) and secured an additional US$13.5 million in growth funding.[1][11]

In 2022, the company announced strategic partnerships with IBM and Wix to build a digital innovation platform based on DIH.[14][15]

In 2024, GigaSpaces launched eRAG, a retrieval-augmented GenAI tool that delivers the context of structured data to LLMs, at IBM Think.[16][17][18][failed verification]

References

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  1. ^ a b c d e f "GigaSpaces: remember in-memory for (faster & bigger) big data crunching - CW Developer Network". www.computerweekly.com. Retrieved 2025-12-10.
  2. ^ a b "GigaSpaces Grabs More". Archived from the original on 2024-06-24. Retrieved 2025-12-10.
  3. ^ "#NYCtech Week in Review: 5/3/20-5/9/20 – AlleyWatch". Retrieved 2025-12-10.
  4. ^ a b Kovar, Joseph F. "In-Memory Analytics Tech Developer GigaSpaces Closes $12 Million Funding Round | CRN". www.crn.com. Archived from the original on 2024-12-07. Retrieved 2025-12-10.
  5. ^ "GigaSpaces Technologies Inc - Company Profile and News". Bloomberg.com. Retrieved 2025-12-10.
  6. ^ "GigaSpaces | IBM". www.ibm.com. 2024-05-14. Retrieved 2025-12-10.
  7. ^ staff (2017-07-24). "GigaSpaces Launches InsightEdge 2.1 to Accelerate Insight-Driven Transformation". Inside HPC & AI News | High-Performance Computing & Artificial Intelligence. Retrieved 2025-12-10.
  8. ^ "GigaSpaces Launches the Next Generation Apache Spark Distribution – BRM". Retrieved 2025-12-10.
  9. ^ "GigaSpaces Spins Off Cloudify, Its Open Source Cloud Orchestration Uni". Archived from the original on 2025-02-11. Retrieved 2025-12-10.[dead link]
  10. ^ Yates, Parker (2017-07-27). "GigaSpaces Plans Spinoff of Cloudify Division to Focus on Enterprise Hybrid Cloud Management and Network Orchestration". DevOps.com. Retrieved 2025-12-10.
  11. ^ a b "Leumi Partners invests in GigaSpaces, alongside existing shareholders (Claridge Israel, BRM and Fortissimo)". www.claridgeil.com. Retrieved 2025-12-10.
  12. ^ "GigaSpaces In-Memory Analytics Platform Now a Managed Google Cloud Service -". Virtualization Review. Retrieved 2025-12-10.
  13. ^ "GigaSpaces Announces $12 Million Financing Led by Fortissimo Capital to Accelerate Rapid Expansion". MarketWatch. Retrieved 2020-05-06.[dead link]
  14. ^ Simone, Stephanie (2022-07-11). "GigaSpaces Partners with IBM and Wix to Create Open Platform for Enterprise Digital Innovation". Database Trends and Applications. Retrieved 2025-12-10.
  15. ^ "Five Minute Briefing: Data Center - July 11, 2022 - Database Trends and Applications". www.dbta.com. Retrieved 2025-12-10.
  16. ^ Yao, Deborah (2025-07-15). "IBM, AWS Deepen AI Collaboration to Help Enterprises Scale Agentic AI". The AI Innovator. Retrieved 2025-12-10.
  17. ^ "Better governance of dynamic structured data in Generative AI with GigaSpaces eRAG | IBM & Red Hat on AWS". aws.amazon.com. 2024-12-10. Retrieved 2025-12-10.
  18. ^ "Reimagining Operational Data with GenAI and GPT". Tech Show Madrid 2025. Retrieved 2025-12-10.
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