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Cloudera, the Commercial Hadoop Company, Closes Series B Funding
SAN FRANCISCO, CA, Jun 02 (MARKET WIRE) --
Cloudera, the commercial Hadoop(TM) company, today announced that it has
secured a Series B venture capital funding round led by Greylock
Partners, bringing its total funding to date to more than $11 million.
Aneel Bhusri, Partner at Greylock, has joined Cloudera's Board of
Directors. Existing investor Accel Partners, which led the Series A
round, also participated in the round.
With proven investments such as Red Hat and WorkDay, Greylock Partners
brings deep expertise and operational experience in enterprise software,
particularly in data management.
"Cloudera is uniquely positioned to take advantage of a large market
opportunity around big data in the enterprise," said Aneel Bhusri, partner
at Greylock Partners. "The rapid adoption of Hadoop/MapReduce, Cloudera's
team of leading experts on big data who come from Facebook, Google, Oracle
and Yahoo!, and their rapid customer acquisition strongly positions the
company to lead this revolution in data management."
Cloudera's mission is to bring the Hadoop/MapReduce platform -- a powerful
new way to store and manage vast volumes of data -- to the enterprise. The
combination of under-utilized data within corporations and the new
generation of data-intensive applications demand a new data analytics and
data processing platform. Hadoop/MapReduce has proven to be the solution
that can serve this new market need. Hadoop is already the data processing
engine behind some of the world's largest and most popular Internet
businesses. With this latest capital investment, Cloudera plans to drive
the company's growth across all strategic functions including product
development, training, support, sales, and marketing.
"Cloudera has all the ingredients to change the game and data management.
The Hadoop technology has been proven to solve the big data problem, the
founding team comes with the deepest implementation experience in Hadoop
and MapReduce, and customer adoption and interest is accelerating. The
growth we have seen since the company started just eight months ago has
been very strong," said Ping Li, general partner at Accel Partners. "We
firmly believe the company will become a category leader in a growing and
new market around data management."
"We are thrilled to have Greylock on the Board to help take the company to
the next phase of growth," said Mike Olson, CEO at Cloudera. "The
expertise Accel, Greylock and our other investors bring will further
accelerate Cloudera's penetration of the enterprise and Internet markets."
Cloudera's other investors include Diane Greene (former CEO of VMware),
Marten Mickos (former CEO of MySQL), and Jeff Weiner (President of
LinkedIn).
About Cloudera
Cloudera (www.cloudera.com), the commercial Hadoop company, develops and
sells Hadoop, the open source software that powers the data processing
engines of the world's largest and most popular web sites. Founded by
leading experts on big data from Facebook, Google, Oracle and Yahoo!,
Cloudera's mission is to bring the power of Hadoop, MapReduce, and
distributed storage to companies of all sizes in the enterprise, Internet
and government sectors. Headquartered in Silicon Valley, Cloudera has
financial backing from Accel Partners and angel investors who include
Diane Greene (former CEO of VMware), Marten Mickos (former CEO of MySQL),
and Gideon Yu (former CFO of Facebook). Cloudera's advisors include the
founders of the Hadoop project, Doug Cutting and Mike Cafarella.
Media Contact
Ray George
Page One PR for Cloudera
Email Contact
650.922.3825
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