More Big Money for Big Data Firm Cloudera

US-based big data specialist Cloudera has raised another huge round of funding, adding another $160m to its coffers and more than doubling the total raised to date.

The firm, which supplies Hadoop-based tools for enterprise analytic data management, attracted a number of 'top tier institutional and strategic investors' led by T. Rowe Price, and including contributions from Google Ventures and Michael Dell's investment firm MSD Capital. DRNO reported a $65m round in December 2012.

Cloudera says the latest injection sets it up for 'accelerated growth in 2014 and beyond', with specific plans to drive enterprise adoption of and innovation in Hadoop and promote the enterprise data hub (EDH) market; expand into Europe and Asia; and scale up teams in all areas including services and support, field and engineering.

Cloudera claims recently to have brought to market 'the industry's first complete enterprise data hub', allowing clients to take on large scale, more advanced and diverse workloads and realize previously unthinkable strategic benefits from their data. CEO Tom Reilly comments: '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.'

Web site: www.cloudera.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.