Hadoop fan favorite Cloudera just snagged $65 million in new funding to build its overseas presence and keep up momentum in enterprise accounts. The company will use the funding to further entrench its Hadoop framework — which makes batch processing reams of data from various sources — more manageable.
The funding round was led by Accel Partners with help from Greylock Partners, Ignition Partners, In-Q-Tel, and Meritech Capital Partners — all existing backers. Some of the new money will go towards opening a new European headquarters in the UK, in the first quarter of next year, the company said. Cloudera has more than 300 employees and annual revenue rumored to be in hundreds of millions, and is the 800-pound gorilla in the Hadoop market. But with plenty of competition including bitter rival MapR and Yahoo spinoff Hortonworks, it can’t stand still.
In a statement., Cloudera CEO Mike Olsen said:
“Big Data continues to fuel significant new business opportunities and revenue streams for our 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.”
The company, which claims the most widely deployed Hadoop distribution, was founded four years ago by Jeff Hammerbacher of Facebook, and Amr Awadallah of Yahoo and Mike Olsen of Oracle. Christophe Bisciglia of Google, another co-founder, left the company.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here