About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Cloudera Raises $65 million For Enterprise Expansion

Subscribe to our newsletter

Hadoop platform distributor Cloudera has raised $65 million in additional funding to support global expansion, product development and enterprise adoption of its platform.  The funding round was led by early backer Accel Partners, with support from existing investors Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.  This new funding brings to $140 million the amount raised by the Palo Alto-based company, and values it at $700 million, according to press reports.

Founded in 2009 by executives from Google, Yahoo, Facebook and Oracle, Cloudera’s focus is the adoption of the open source Hadoop framework by enterprise customers.  As part of this endeavour, it has added functionality to the Hadoop platform to make it more scalable and secure, has added real-time features such as Impala, and sells management software that’s a requirement for use in enterprise enviroments of any significant size.

As a private company, Cloudera does not disclose revenues, but asserts that over the past 12 months it has doubled sales, customers, employees and data under management.  Its financial markets customers include JP Morgan Chase and Morgan Stanley.

Cloudera says it will use the new funds for product development and sales expansion, including the opening of a European headquarters in the U.K., in the first quarter of 2013.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Reviewing the Latency Landscape and the Next Generation of Ultra-Low Latency Infrastructure

Date: 17 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Ultra-low latency is no longer the preserve of a handful of proprietary trading firms. As new asset classes electronify, data volumes surge, and regulatory expectations around execution quality and resilience tighten, the performance demands on trading infrastructure are broadening...

BLOG

Data Automator Xceptor Offers Platform Ready-Made for AI

Dan Reid is not surprised that Xceptor, the data automation giant he formed two decades ago, finds itself at the vanguard of a change in the way financial institutions regard and use documents. The rapid and accurate parsing of information from paper- and PDF-based reports has been made possible thanks to recent developments in artificial intelligence. The volume...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.