Follow the Money: 10 Recent Tech VC Investments To Watch In August


GridGain Systems

Headquarters: Foster City, Calif.

CEO: Nikita Ivanov
New Funding: $10 million
Round: B
Backers: Almanz Capital, RTP Ventures

Providing a comprehensive in-memory platform, GridGain offers scalable in-memory data and computable technologies. Its product is already in use by Fortune 500 companies, government and innovative tech companies. Its latest round of investments will help expand sales, marketing and product development, according to a company statement. The company expects in-memory computing will have a similar reach to cloud and the Web, said company Vice President Massimo Pezzini.