Hadoop Gets a Boost – Cloudera Receives $25 Million Funding
October 26, 2010
Grazed from ReadWriteWeb. Author: Alex Williams.
Cloudera is announcing $25 million round in funding to further invest in product development and services to support its push into the enterprise.
It’s a clear sign that the Hadoop ecosystem is thriving as analytics become increasingly important and data more complex to manage.
The Series C funding is being led by Meritech Capital Partners. Current investors Accel Partners and Greylock Partners also participating. Cloudera has received $36 million in total funding…
Hadoop is a form of distributed computing, used by Yahoo!, Twitter and Facebook. Applications run on clusters of computers, allowing for big data to be analyzed and used in applications for search, recommendations and business intelligence.
Cloudera faces competition from such companies as IBM, which today announced its InfoSphere BigInsights software. The IBM software runs on Hadoop.
But Cloudera has an advantage in that its software is free. They make their money through professional services and software it developed earlier this year for customers do large scale data initiatives.
The funding is a sign of what is to come. Big data is here to stay and Hadoop is serving as one of the best ways to manage information in a distributed environment. Cloudera is ahead in some respects but will face challenges as more companies like IBM enter the market.