The analytic data management Apache Hadoop-based company, Cloudera, announced to have raised the remarkable amount of $900 million in a series of financing round which includes the first $160 million from T. Rowe Price, Google Ventures and a partner of MSD Capital, L.P. The majority of the investment comes from Intel, which allows it to have the 18% share of Cloudera.
Apparently this is the largest investment in data center technology in Intel’s history. The aim of the collaboration is accelerating customer adoption of big data solutions, helping companies to have bigger opportunity to increase the value of business data by making use of Apache Hadoop solutions open source. Cloudera is going to develop and distribute systems such as Apache Hadoop , for Intel platform supporting different technologies, including structures Intel, flash memory and security.
Founded in 2008, Cloudera offers the first unified platform for Big Data: Enterprise Data Hub. The American-based software company Cloudera also offers software challenges of critical business data, including storage, access, analysis, security and search.
Financial adviser of the transition were Dean Bradley Osborne Partners and Allen & Company, the financing is expected to close in the Q2 2014.
Jim Frankola, Chief Financial Officer for Cloudera, declares about the funding and Intel investment:
Intel’s sizable investment in Cloudera, alongside funding from institutional investors, Google Ventures and MSD Capital, are all indicative of both the very large market opportunity and the leadership position of Cloudera,These investments give us significant financial resources to accelerate growth and deliver long-term sustainable value to our customers and partners. Cloudera will use the funding to: support the previously-announced collaboration agreement with Intel, further drive the enterprise adoption of and innovation in Hadoop, to which it is the largest open source contributor, and promote the enterprise data hub (EDH) market; support geographic expansion into Europe, Asia and now China through Intel’s market presence in that region, and expand its services and support capabilities for new open source projects; and scale the field and engineering organizations.