View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 7, 2012

Big data firm Cloudera raises $65m in fundings

Cloudera has raised $140m till date

By CBR Staff Writer

US based big data firm Cloudera has raised $65m in fifth round of venture capital funding to expand its sales and support operations.

The firm is part of growing group of organisations that assist in moving deeper into data developed by digital sources including sensors, posts to the Internet, pictures and videos.

Known for commercialisation of the open-source data service Hadoop, Cloudera has raised $140m till date and the current deal valued the firm at $700m.

According to AllThingsD, the funding round was led by Accel Partners, along with other participants including Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

Cloudera CEO Mike Olson said Big Data continues to fuel significant new business opportunities and revenue streams for the firm’s enterprise customers, spurring the need for new, large-scale data management solutions that can meet the needs of today’s demanding enterprise workloads.

"This new investment will speed the expansion of our sales and support operations to meet increasing enterprise demand for our real-time, Hadoop-based platform, as we scale to address the enormity of this global market opportunity," Olson said.

"At the same time, we remain unwavering in our commitment to the delivery of groundbreaking innovation across the Cloudera software platform and the open source Apache Hadoop stack.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"The way forward is clear and our mission is simple: we will shape and define the next generation of Big Data management solutions for the enterprise."

Established in 2008 by engineers from Yahoo, Google and Facebook in addition to Oracle’s CEO Mike Olson, Cloudera has emerged as leading player among big data firms.

Accel Partners partner, Accel Big Data Fund head Ping Li said that as global business data growth reaches near exponential rates, enterprise organizations are grappling with the reality that they need a way to manage and make use of it.

"Four years ago, Cloudera set out to pioneer the business case for Apache Hadoop in the enterprise," Li said.

"The team succeeded in developing the market’s leading platform for big data and has become the go-to technology for enterpriseHadoop Infrastructure, supported by its rich and diverse partner ecosystem."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.