Hadoop innovator Cloudera has closed a new round of financing led by top tier institutional and strategic investors. To date, Cloudera has raised $300 million in venture funding. This latest round for $160 million was led by T. Rowe Price, along with three other public market investors, and included an investment by Google Ventures and an affiliate of MSD Capital, L.P., the private investment firm for Michael S. Dell and his family.
Cloudera offers a unified platform for big data, an enterprise data hub built on Apache Hadoop, providing enterprises one place to store, process and analyze all their data.
The new funding will be used by Cloudera to further drive the enterprise adoption of and innovation in Hadoop and promote the enterprise data hub (EDH) market; support geographic expansion into Europe and Asia; expand its services and support capabilities; and scale the field and engineering organizations.
According to Cloudera, this new round of funding also serves to validate the mainstream adoption of Hadoop among enterprises today and Cloudera’s leadership in the move to Hadoop for storing, processing and analyzing big data.
“When Cloudera emerged from stealth in 2009, the vision was to bring Hadoop to the enterprise,” said Tom Reilly, chief executive officer at Cloudera. “At the time, the idea of ‘big data’ was on the cusp of adoption. Five years later, Cloudera is setting the standard for how enterprises across all verticals are managing their big data. The market demand for these technologies is fierce as companies realize the competitive advantage and strategic value of their data. We are thrilled to have the backing of major institutional and strategic investors in this latest round and are well positioned to drive our vision and company growth at an even faster pace.”
For more information, go to www.cloudera.com.