Big Data Analysis Company Cloudera Raises $65 Million
Cloudera is a big data analysis company that has raised $65 million. The company was founded in 2008 by three engineers: Jeff Hammerbacher, Christophe Bisciglia, and Amr Awadallah. This round of funding was their Series E and it was led by Accel Partners. Accel previously led the company’s $5 million Series A round in 2009. Existing investors that participated in this round include Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.
Cloudera has raised $140 million in total funding and now their valuation is at $700 million. The company is planning to use the funding to expand into Europe by opening an office in the United Kingdom around Q1 2013. Cloudera’s CDH4 is known for being a commercially distributed version of the open source Apache Hadoop platform. This product allows enterprises to implement Hadoop clusters into their data. Cloudera is working with about half of the Fortune 50 companies. Some of their clients include Morgan Stanley, JP Morgan Chase, RIM, Disney, Expedia, eBay, AOL, and CBS.