Cloudera, a leader in frameworks for big data, today announced it has closed $65 million in a new funding round led by Accel Partners, with support from Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.
The size of this investment is another indication of how important big data is to keeping pace with the digital world. Cloudera makes it easier for large companies to use the open source software Apache Hadoop.
Cloudera said the funding will go toward continuing its expansion, as the company prepares to open its European headquarters in the United Kingdom within the next four months.
“As global business data growth reaches near exponential rates, enterprise organizations are grappling with the reality that they need a way to manage and make use of it,” said Ping Li, partner at Accel Partners and head of the Accel Big Data Fund. “Four years ago, Cloudera set out to pioneer the business case for Apache Hadoop in the enterprise. The team succeeded in developing the market’s leading platform for Big Data and has become the go-to technology for enterprise Hadoop Infrastructure, supported by its rich and diverse partner ecosystem. The company is accelerating on its position as the standard for Hadoop in the enterprise and is well positioned to expand its revenue and global customer footprint.”
Cloudera – press release
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