Cloudera Rides Hadoop, Big Data to Market Advancement
Cloudera CEO Tom Reilly says the company will remain one of the largest players in the Hadoop and big data space when it all settles.NEW YORK–With its latest round of funding, big data darling Cloudera is poised to go public some time down the road as the company continues to integrate its operations and work more closely with partners. Speaking at the GigaOm Structure Data conference here on March 20, Tom Reilly, CEO of Cloudera, talked about how the enterprise data hub is becoming an integral part of data management architectures by handling interactive SQL, transformation, stream processing, advanced analytics and other workloads. On March 18, Cloudera announced a new round of financing at $160 million 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. “If you have 401ks you’re likely now investors in Cloudera,” Reilly quipped to the audience. He noted that with the new round of $160 million, Cloudera has raised $300 million to date.
However, whether public or not, “this is a market where we’re going to see a number of large companies emerging; Cloudera will be the largest. Yet, Reilly acknowledged that with its enterprise data hub strategy, Cloudera is put in direct competition with the likes of IBM and Pivotal. An enterprise data hub enables enterprises to take on large scale, more advanced and diverse workloads and realize new strategic benefits from their data that was previously discarded or difficult to incorporate into business insights.