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Cloudera Raises $160M From T. Rowe Price, Google Ventures And Michael
Dell
by
Leena Rao
(@leenarao)
Cloudera,
the startup that distributes and services Apache Hadoop-based
data-management software and services, has
raised $160
million led by T. Rowe Price, and including an investment
by Google Ventures and an affiliate of MSD Capital, L.P., the private
investment firm for Michael S. Dell. This brings the company’s total
funding to $300 million.
Essentially Cloudera helps manage big data in a company, offering
software, services and support for databases. When a user needs to
analyze raw data to find a trend or to see if they can find valuable
answers in unused data, Cloudera (built on top of Hadoop) allows them
to complete more efficient queries.
Hadoop is a Java software framework born of an open-source
implementation of Google’s published computing infrastructure which is
fostered within the Apache Software Foundation. Hadoop supports
distributed applications running on large clusters of commodity
computers processing enormous amounts of data. Cloudera helps
distribute Hadoop, and provides practical services around the
technology, similar to what
Red Hat
does for the Linux framework.
Cloudera’s customer base includes AOL (TechCrunch’s parent company),
CBS, eBay, Morgan Stanley, and The Walt Disney Company. The company
has a number of partnerships in place, including one with Dell, which
offers a Cloudera Hadoop configuration packaged with its servers.
The new funding will be used to support global expansion into Europe
and Asia, scale the field and engineering organizations, and hire
additional talent.
In the last funding round, Cloudera was valued at
$700 million,
so the company could be part of the $1 billion club with this new
round.
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