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
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]
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