Cloudera snares big $65M more to boost international, enterprise growth


Gigaom

Hadoop fan favorite Cloudera just snagged $65 million in new funding to build its overseas presence and keep up momentum in enterprise accounts. The company will use the funding to further entrench its Hadoop framework — which makes  batch processing reams of data from various sources — more manageable.

The funding amount is huge, but hardly surprising. Cloudera, with roughly $100 million in annual revenue,  is the belle of the of the big data ball. Its Hadoop distribution serves as the distributed storage and processing platform for many of the big data ecosystems that companies large and small are deploying.  It’s also the basis for a growing collection of applications and services that aim to make big data an easier process for companies and their employees that don’t want to manage a large computing cluster and learn the intricacies of the MapReduce processing framework.But it has plenty of competition including bitter…

View original post 295 more words

Advertisements
Posted in ITTagged

Comments are Most Welcome

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s