Bank Leumi leads $13.5 million round in GigaSpaces
The Israeli banking powerhouse will also integrate GigaSpaces Big Data tech into its systems
Golan Hazani | 09:58 10.11.2021
Bank Leumi, through its investing arm Leumi Partners, is leading a $13.5 million funding round in Israeli company GigaSpaces, Calcalist has learned. Leumi Partners will be investing $8 million in the round, which also included existing investors Fortissimo Capital, headed by Yuval Cohen, Claridge Israel, and the BRM Group. Fortissimo led GigaSpaces' previous round for $12 million in May of last year. GigaSpaces has raised $45 million in total to date. GigaSpaces, which was founded in 1999 by Nati Shalom and is currently being run by CEO Adi Paz, has developed a technology that allows enterprises to operationalize machine learning and transactional processing to gain and act on real-time insights from their data.