About a-team Marketing Services
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: Agility as Alpha: How Trading Infrastructure Determines Who Wins in Volatile Markets

Tariff shocks, geopolitical realignment and macroeconomic regime shifts are redrawing the investment landscape faster than most firms’ technology stacks can keep up. For hedge funds and asset managers, the ability to move quickly into new asset classes, geographies or strategies is no longer just an operational concern – it is a front-office differentiator and, increasingly,...

BLOG

WFE Signals Extended Trading Hours Feasible, but Warns Settlement Systems Must Catch Up

The World Federation of Exchanges (WFE) has published new research concluding that extended trading hours, including near round-the-clock markets, are technologically feasible, but their long-term sustainability depends on coordinated reform across clearing, settlement and payment infrastructure. In Extending Exchange Trading Hours, the WFE examines proposals from major U.S. exchanges to expand equity trading toward 22-...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...