Regions

Cloudera bags $160M in new funding round

Close
March 19
9:08 AM 2014

Cloudera secured $160 million in its latest funding round, TechCrunch reported.

The round was led by T. Rowe Price and was participated in by Google Ventures and an MSD Capital LP affiliate. MSD Capital is the private investment firm for Michael S. Dell and his family. Proceeds from the latest round will be deployed towards the company's quest to bring the service to Europe and Asia, improve its field and engineering organizations and get more people to its team. The startup has raised $300 million so far, the report said.

In a statement, Cloudera Chief Executive Officer Tom Reilly said, "When Cloudera emerged from stealth in 2009, the vision was to bring Hadoop to the enterprise. 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."

Cloudera provides the first the first unified big data platform. Their enterprise data hub, created on Apache Hadoop, enables enterprises a place where they can store, process and analyze their data. Because it provides everything that an enterprise data hub needs, Cloudera allows enterprises to get the most value from their investments while at the same time giving them the chance to find more value from their data, the statement said.

The roster of clients using Cloudera includes such big names as CBS, AOL, eBay, The Walt Disney Company and Morgan Stanley. It also collaborates with other companies. Its alliance with Dell, for example, allows a Cloudera Hadoop configuration to be provided together with its servers, TechCrunch reported.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics