Hadoop-based software provider Cloudera has raised $160m in the latest funding round, bringing the overall raised venture capital funding to $300m.
Led by investors including T Rowe Price, Google Ventures and MSD Capital, the latest funding would be used to drive the enterprise adoption of and innovation in Hadoop, while promoting the enterprise data hub (EDH) market.
T. Rowe Price New Horizons Fund portfolio manager Henry Ellenbogen said that Cloudera is successfully helping enterprises exploit ‘big data’ and manage the transition to becoming more data centric.
"With strong leadership, an ability to innovate, a satisfied customer base, and a large partner community, we believe Cloudera is well positioned to build a durable and leading company in this space," Ellenbogen said.
In addition, the funding will also be used to expand the presence of the Apache Hadoop developer in Europe and Asia, while spreading out its services and support capabilities as well scaling the field and engineering organisations.
