Altiscale raises $30M, now managing petabytes in its Hadoop cloud
December 9, 2014
Grazed from GigaOM. Author: Derrick Harris.
Altiscale, the Hadoop-as-a-service startup started by ex-Yahoo CTO Raymie Stata, has raised a $3o million series B round of venture capital led by Northgate, as well as previous investors Sequoia Capital and General Catalyst Partners. The company has raised a total of $42 million since it was founded in 2012.
Stata said the company, which essentially sells full-on managed Apache Hadoop (as well as Storm, Spark and other ecosystem technologies), now has a couple dozen customers running production Hadoop clusters that average about 100 terabytes. Altiscale’s platform became generally available in January 2014…
Stata said he’s watching what’s happening with the big Hadoop vendors, including some of his former colleagues at Hortonworks, but that so far the cloud business is fairly removed from the Hadoop software business. That might change now that larger Hadoop vendors, including Cloudera and Hortonworks, have gotten more serious about cloud computing, but for now Altiscale is mostly competing against other cloud-native offerings such as Qubole and Treasure Data…
Read more from the source @ https://gigaom.com/2014/12/09/altiscale-raises-30m-now-managing-petabytes-in-its-hadoop-cloud/