Cloudera Raises $25 Million In Third Round of Funding

Posted Oct 26, 2010

Cloudera has raised $25 million in a third round of funding. The funding was led by Meritech Capital Partners. Other investors include Accel Partners and Greylock Partners. The company has raised a total of $36 million.

Cloudera was founded by former engineers at Google, Facebook, Yahoo!, and a former Oracle executive. Cloudera is the commercial source for a Apache Hadoop, which is software that helps analyze data that is generated.

?Companies are collecting data at a rate that?s really faster than they can process and analyze?and do that cost effectively,? stated Cloudera VP of marketing John Kreisa in an interview with The Wall Street Journal. This has led to ?tremendous growth in interest in this technology and therefore in the services and software that Cloudera provides.?

Cloudera makes money by offering training classes and professional services to get Apache Hadoop up and running for companies. Cloudera was started in October 2008 and they have about paying 50 customers. Their customers include eBay and Bank of America.

[Wall Street Journal]