Hadoop startup Cloudera lands big funding for big data
Big data is expected to be a big deal in the coming years and venture capitalists seem to agree, having pumped an additional $65 million into Cloudera, a company that promises to bring Hadoop data management tools to the enterprise.
Cloudera's CDH4 platform is a commercially distributed version of the open source Apache Hadoop project that allows enterprises to deploy Hadoop clusters to manage structured and unstructured data. Cloudera says it already works to some degree with half of the Fortune 50 companies and specifically names AOL, CBS, EBay, Expedia, Experian, JP Morgan Chase, Monsanto, Morgan Stanley, Network Appliance, Nokia, RIM, and The Walt Disney Company in its press release announcing the funding today. The company also has a free trial version and a Cloudera Enterprise version available.
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Cloudera says its number of customers, employees and data under management have all doubled in the last year. It's trained 15,000 people in its Hadoop classes, the company says.
With the infusion of cash the company plans to expand globally, with plans to open up a European headquarters in England next year.
The company had already raised $76 million through four previous rounds of funding. With its newest round, the company has received a total of $141 million. The new funding round is led by Accel Partners, with additional financing from Greylock Partners, Ignition, In-Q-Tel and Meritech Capital Partners.
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