Big Data Analyzer Cloudera Banks $160M in VC Funding

Big Data Analyzer Cloudera Banks $160M in VC Funding
Mar 19, 2014
2 minute read
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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.

Data hubs enable data centers to be free from dependency on expensive, specialized data storage and compute systems. They also enable enterprises to store any amount of data, of any type, and keep it online as long as needed; to ensure that data is secure and governed to meet enterprise requirements; and to accommodate huge and varied data sets for more meaningful and timely analytics.

“Cloudera is successfully helping enterprises exploit ‘big data’ and manage the transition to becoming more data centric,” said Henry Ellenbogen, Portfolio Manager, T. Rowe Price New Horizons Fund.

The Palo Alto, Calif.-based company last year made a change in leadership at the top, recruiting former Hewlett-Packard security executive Tom Reilly to be its new CEO. Co-founder and former CEO Mike Olson moved to take dual roles of chief strategy officer and chairman of Cloudera’s board of directors.

Hadoop co-developer Doug Cutting is the company’s CTO.

Chris Preimesberger

Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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