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Cloudera, the Commercial Hadoop Company, Announces $5 Million Series A Financing Led by Accel Partners
Investors Include Top Executives From High Technology Firms Flickr, Google, LinkedIn, Microsoft, MySQL, Opsware, Palm, VMware, Wily Technology, Yahoo!, YouTube
"We're fortunate to have Accel Partners as our venture capital partner as well as the financial support of some of the most respected and successful private investors and technology executives in high technology," said Mike Olson, CEO of Cloudera. "We believe that Hadoop is a disruptive new technology for mining valuable business information in the enormous streams of new data generated in enterprises today. Processing this kind of big data has been too expensive or too technically difficult for all but the most sophisticated IT organizations until now. Our mission is to use Hadoop to make big data processing capabilities accessible and affordable for all companies."
"Cloudera has critical elements that we look for in category-defining companies -- a world-class founding team, great technology, and a disruptive and large market opportunity," said Ping Li, a partner at Accel Partners. "Cloudera is uniquely positioned to bring the power of Hadoop to businesses, whether it be a scale out implementation inside a modern enterprise or harnessing the benefits of a hosted cloud solution." Li has also joined the Cloudera board of directors.
The founding team at Cloudera includes:
-- Mike Olson, who was vice president at Oracle and prior to that CEO at open source database pioneer Sleepycat Software; -- Christophe Bisciglia, who created and led Google's Academic Cloud Computing Initiative that partnered with the National Science Foundation (NSF) to make Google-hosted Hadoop clusters available for research and education worldwide; -- Dr. Amr Awadallah, co-founder of VivaSmart, acquired by Yahoo! where Dr. Awadallah served as vice president of engineering and used Hadoop extensively across the Yahoo! online services, including mail, search, finance and news; -- Jeff Hammerbacher, conceived, built, and led the data team at Facebook responsible for driving many of the applications of statistics and machine learning as well as building out the infrastructure to support these tasks for massive data sets.In addition to Accel Partners, investors in Cloudera include Mike Abbott (senior vice president, Palm), David desJardins (early Google employee), Caterina Fake (co-founder, Flickr), David Gerster (entrepreneur), Diane Greene (former CEO of VMware), Youssri Helmy (entrepreneur), Dr. Qi Lu (president of the Online Services Group, Microsoft; former executive vice president, Yahoo!), Marten Mickos (former CEO, MySQL), In Sik Rhee (former chief tactician, Opsware; founder, Loudcloud), Mendel Rosenblum (founder VMware), Jeff Weiner (president, LinkedIn; former senior vice president, Yahoo!), Dick Williams (CEO, Illustra; former CEO, Wily Technology), Gideon Yu (Facebook CFO; former senior vice president, Yahoo!; CFO, YouTube).