Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
Business Intelligence
Next Generation Data Center Is Here!
Average Rating:
Rate this article:  
Cloudera Wins $160M Endorsement from Likes of Google, Dell
Cloudera Wins $160M Endorsement from Likes of Google, Dell

By Jennifer LeClaire
March 19, 2014 1:38PM

Bookmark and Share
"We see broad demand from enterprises who want a flexible approach to handling large amounts of data," said Google Ventures General Partner Karim Faris. "Cloudera is dramatically lowering the cost of reliable storage for the enterprise and is enabling the analysis and mining of large data sets in a way that wasn't possible before."
 


Cloudera has received a financial nod from Google and Michael Dell. The enterprise analytic data management company closed a new round of funding totaling $160 million. That brings Cloudera's total venture capital funding to date to $300 million.

Top tier industrial and strategic investors participated in the latest round of financing. Led by T. Rowe Price and three other top-tier public market investors, names like Google Ventures and an affiliate of MSD Capital, L.P., the private investment firm for Michael S. Dell and his family, were on the list.

"Cloudera is successfully helping enterprises exploit big data and manage the transition to becoming more data centric," said Henry Ellenbogen, portfolio manager at T. Rowe Price New Horizons Fund. "With strong leadership, an ability to innovate, a satisfied customer base, and a large partner community, we believe Cloudera is well positioned to build a durable and leading company in this space."

How Cloudera Will Use the Money

Cloudera will use the funds to drive growth in the months and years ahead. Specifically, the company will invest venture capital dollars to evangelize the enterprise adoption of and innovation in Hadoop; to promote the enterprise data hub market; to support expansion into Europe and Asia; to expand its services and support capabilities; and to scale the field and engineering organizations.

The Apache Hadoop software library is a framework that allows for the distributed processing of large data sets across clusters of computers using simple programming models. The software is designed to scale up from single servers to thousands of machines, each offering local computation and storage.

Data is not only strategic, it's mission-critical to enterprises in an information-driven era. Hadoop has emerged as the go-to option for underlying data management because it makes it possible to store, process and analyze larger and more complex data sets than many alternatives.

"We see broad demand from enterprises who want a flexible approach to handling large amounts of data, and we expect this market to continue to grow rapidly," said Google Ventures General Partner Karim Faris. "Cloudera is dramatically lowering the cost of reliable storage for the enterprise and is enabling the analysis and mining of large data sets in a way that wasn't possible before."

The Future of Data Warehousing?

Cloudera brings unique features to the Hadoop world, such as real-time query with its open-source Impala, real-time search support via Lucene and Solr, security through its Apache Sentry project, and integrated governance, compliance, reporting and disaster recovery. Cloudera has also won attention for its enterprise data hub, which the company said lets enterprises take on large-scale, more advanced and diverse workloads. (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Business Intelligence
1.   IBM Beefs Up Identity Intelligence
2.   Many Sites Are Studying Consumers
3.   Watson's First Consumer-Facing Gig
4.   HP Drops $50M on Hortonworks
5.   Esri, SAP Team on Data Mapping


advertisement
IBM Beefs Up Identity Intelligence
To offer biz better security products.
Average Rating:
Many Sites Are Studying Consumers
Facebook and OKCupid are not alone.
Average Rating:
Watson's First Consumer-Facing Gig
Helps military adjust to civilian life.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Ruling Against Microsoft Raises E-Mail Privacy Concern
Microsoft has been ordered to hand over e-mails to law enforcers in the United States as part of a criminal investigation, even though the e-mail is stored at a data center in Dublin,Ireland.
 
Twitter Buys Password Manager Startup Mitro
Following on the heels of another acquisition earlier this week, Twitter is adding to its fold a password-manager security startup called Mitro, which in turn is releasing its code as open source.
 
Government Requests for Customer Data Skyrocket
Requests for customer data from the government jumped 50 percent in the first half of 2014, according to Twitter, which received more than 2,000 requests for user info from gov't agencies.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.