What you missed in Big Data : VCs flock to Hadoop while cloud analytics gain traction
It was been a big week for Big Data, with Cloudera raising another $160 million in financing to fuel its aggressive growth strategy. The round was led by T. Rowe Price, which has proven track record in identifying firms with multi-billion dollar IPO potential, and three other undisclosed “top-tier public market investor”. Google Ventures and an unnamed affiliate of Michael Dell’s private investment firm also participated in the round, which brings the Hadoop distributor’s total funding above $300 million.
Cloudera said that it will use the new capital to expand its services and support capabilities, boost engineering and scale field operations in Europe and Asia. The company also committed to continue fostering the adoption and development of Hadoop while promoting its vision for the Enterprise Data Hub, or EDH.
The firm announced its latest round on the same day Platfora, a make of business intelligence software for Hadoop, revealed that it has landed $38 million in funding from Tenaya Capital, Citi Ventures, Cisco and Allegis Capital. Equally notable prior investors Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures and In-Q-Tel, the CIA’s venture capital arm, chipped in as well.
Platfora’s solution enables users to process and visualize information directly in HDFS without having to export it to a disparate tool, a feature that can accelerate time to insight and reduce costs. New Relic offers same benefits to its customers with Insights, a newly introduced tool for processing clicks, transactions and other events that are generated as users interact with web applications. The service allows developers to query and visualize billions of these data points in real-time using a relatively simple SQL-like syntax called the New Relic Query Language, or NRQL for short.
photo: qthomasbower via photopin cc
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