Thursday, December 6, 2012

Cloudera Lands $65 Million for Big Data Apache Hadoop

Cloudera, a start-up based in Palo Alto, California, closed $65 million in new funding  to support its Apache Hadoop-based data management software and services.

Cloudera offers a packaged solution for enterprise customers to ensure production-ready deployment of CDH4, the most widely deployed and proven commercial distribution of Apache Hadoop.

The company cited rapid growth over the past year, both in terms of customers and volume of data under management.  Cloudera's customer base includes more than half of the Fortune 50, and includes companies such as AOL, CBS, EBay, Expedia, Experian, JP Morgan Chase, Monsanto, Morgan Stanley, Network Appliance, Nokia, RIM, and The Walt Disney Company.

The latest funding round led by Accel Partners, with support from Greylock Partners, Ignition Partners, In-Q-Tel, and Meritech Capital Partners.

"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," said Mike Olson, CEO at Cloudera. "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."

http://www.cloudera.com/

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