Tuesday, November 8, 2011

Cloudera Raises $40 Million for Big Data Apache Hadoop

Cloudera, a start-up based in Palo Alto, California, closed a $40 million Series D funding round to support its Apache Hadoop-based data management software and services.

Apache Hadoop is a powerful and disruptive open source technology that is used by some of the world's leading social media and ecommerce companies, including eBay, Facebook, LinkedIn and Twitter.

Cloudera said its goal is to make Hadoop an enterprise-ready solution by delivering software, training and support services that enable data driven enterprises to easily derive business value and actionable insights from structured and unstructured datasets. Since 2009, Cloudera has trained more than 7,000 students on Hadoop.

The new funding was led by Frank Artale of Ignition Partners and joined by existing investors Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel.

"This investment validates the success and innovation that Cloudera has achieved to date and the enormous market opportunity for Big Data managed by Hadoop,�? said Mike Olson, CEO of Cloudera. http://www.cloudera.com

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