Cloudera Open Cloud Wins Big: $25M in Funds
The providing company of Apache Hadoop software and services took part, among its current investors (Accel Partners and Greylock Partners) in a $25 Million funding in Series C. The funding operation was managed my Meritech Capital Partners.
The today’s event succeeds the previous Series B investment of Greylock Partners of $6 million, back in June 2009. The funding is intended to support the future development of the product and its share market.
Cloudera’s main product is Apache Hadoop-based software, which helps companies and organizations to secure, manage and take advantage of the data bases they have. Far-reaching organizations that recommend Cloudera’s technologies are from very different backgrounds: from financial services, government and website to telecommunications.
The managing director of Meritech Capital Partners, Rob Ward stresses the usefulness of such a demanding platform as Cloudera Enterpise for the developing amount of data that companies world-wide are gathering "(…)Enterprises will continue to produce massive amounts of data and Hadoop is proving to be critical to making sense of that data.”
Knowing that the fast paced developing rate of Cloudera’s software and services is asking for investments and consolidation, “Meritech’s investment helps us advance our offerings and satisfy the high demand we’re seeing.” – says Mike Olson, CEO of Cloudera.
Meritech Capital Partners has an impressive portfolio of leading investments into companies that proven to have an accelerated market share, used differentiated technologies and have sustainable revenues. Facebook, Fortinet, Fusion-IO, Greenplum, Netezza, NetSuite, Riverbed, Salesforce.com, SpringSource and TeleAtlas are just few of them.
This is a big step forward in the open cloud movement. Cloudera is just coming off Hadoop World, its annual conference bringing together a number of industries and IT professionals around cloud computing. See here for our coverage of the conference, as well as additional interviews with top executives at Cloudera. Below is a one-on-one with CEO Olsen.
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