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

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Unlocking Competitive Edge: Outsourcing and Managed Services in Trading Technology

Faced with intensifying cost pressures, regulatory shifts, evolving market dynamics and rapid technological change, capital markets firms are seeing the roles of outsourcing and managed services becoming increasingly strategic. But how do they decide what to outsource and what to retain in-house? How can they preserve agility and oversight while handing over key infrastructure? And...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....