Intel Capital-backed GigaSpaces increased its funding total to $60m with a round set to drive growth of its transactional data orchestration platform.
GigaSpaces, a US-based data orchestration company backed by semiconductor producer Intel, closed a $12m round yesterday led by growth capital firm Fortissimo Capital that featured family office Claridge Israel and private equity fund BRM Group.
Founded in 2000, GigaSpaces has developed a cloud-based data processing and analytics platform that helps businesses orchestrate large quantities of transactional information as the basis for machine learning models.
The platform, InsightEdge, provides data insights in real time to let clients address time-sensitive decisions and…
