Big Data Analyzer Cloudera Banks $160M in VC Funding
The company said it will use funding to further drive the enterprise adoption of Hadoop and promote the enterprise data hub (EDH) market.Cloudera, a pioneering provider of Hadoop batch and real-time analytics solutions for the enterprise, announced March 18 that it has closed a new round of financing worth $160 million, led by top-tier institutional and strategic investors. To date, six-year-old Cloudera has raised $300 million in venture funding. This latest round was led by T. Rowe Price, along with three other top-tier public market investors, and included an investment by Google Ventures and an affiliate of MSD Capital, L.P., the private investment firm for Michael S. Dell and his family. Cloudera said it will use the funding to further drive the enterprise adoption of and innovation in Hadoop and promote the enterprise data hub (EDH) market; support geographic expansion into Europe and Asia; expand its services and support capabilities; and scale the field and engineering organizations. Cloudera has incorporated enterprise capabilities and more power into the Hadoop platform with such features as real-time query with its open source Cloudera Impala; real-time search support with Lucene and Solr; security with Cloudera's Apache Sentry project; integrated governance, compliance, reporting and disaster recovery—all onto the Hadoop platform.
Recently, Cloudera brought to market what it claims to be the industry's first complete enterprise data hub, a major step in the evolution of enterprise data management.