Hadoop vendor Hortonworks raises $100M
Hortonworks is a Hadoop vendor company that has raised $100 million in a new round of funding led by BlackRock and Passport Capital along with existing investors Dragoneer Investment Group, Tenaya Capital, Benchmark Capital, Index Ventures, and Yahoo! The new round of funding will be used for increasing its engineering efforts, scale operations, and growing the ecosystem. Hortonworks raised a total of $198 million in funding since launching in the middle of 2011.
Hortonworks’ largest competitor is Cloudera, which has raised $300 million since launching in 2008. MapR, a company that sells Hadoop software, has raised $59 million since launching in 2011.
Clearly, Hadoop is a big market. What is Hadoop? It is an open-source framework for storage and large-scale processing of data-sets on clusters of commodity hardware.
Hortonworks specializes on developing technologies within the Apache Software Foundation and is empowering its industry partners. This helps Hortonworks increase sales through those channels and does not force customers to unplug and move to another platform.