Jelastic
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| Industry | Cloud computing |
|---|---|
| Founded | 2010 |
| Founder | Ruslan Synytskyy (CEO) Constantin Alexandrov Alexey Skutin |
| Headquarters | Palo Alto, California |
| Products | Cloud Hosting, Private Cloud, Public Cloud, Hybrid Cloud, Web Hosting, |
| Website | jelastic |
Jelastic (short for Java Elastic) is a company that sells cloud computing services. Originally based in Ukraine, the company’s headquarters are in Palo Alto, California.
In 2010, Ruslan Synytskyy, Constantin Alexandrov, and Alexey Skutin founded Hivext Technologies (parent company of Jelastic). The three were working together on a project remotely, on web hosting and system administrative tasks. Runa Capital provided $500,000 in seed funding. In late 2011, Jelastic announced testing of their service for Java programming language applications, and opened an office in Palo Alto, California.
Jelastic closed a venture capital funding round in April 2012 of $2 million from Almaz Capital Partners and Foresight Ventures. In July of that year, Jelastic received a $1 million grant from the Skolkovo Foundation. As part of the grant, Jelastic set up an office in the Skolkovo Innovation Center in Moscow. Around this time, the company was often mentioned in lists of Russian start-up companies, such as one by the Moscow Times, and by Oracle Corporation for using Java.
In February 2013, the company added PHP cloud hosting to their service options. In March 2013, Jelastic updated its pricing model: customers get discounts for buying larger blocks of resources and pay only for what they use. It also announced support for Apache TomEE server software.
In September 2013, Jelastic announced funding from Maxfield Capital. At the same time, John E. Derrick became chief executive, replacing founder Synytskyy who became chief technical officer.
In November 2013 Jelastic used the marketing term "platform as infrastructure".
In April 2014 Jelastic released support for OpenShift cartridges. Jelastic released a list of supported cartridges, but also the option for users to build their own In October 2014 Synytsky resumed the position as the CEO.
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