Big data firm Cloudera gets $65m to fund expansion

US — Big sums of money continue to be channelled into big data companies, with software firm Cloudera the latest beneficiary.

Res_4008826_data_centre

It closed a $65m investment round this week, with funds earmarked for international expansion – a European HQ is due to open in the first quarter – and for further development of its Apache Hadoop-based platform for analysing massive datasets.

Accel Partners led the round, with Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital in support.

Cloudera customers include AOL, eBay, Nokia and The Walt Disney Company. It raised $40m a year ago.

Ping Li, a partner in Accel, said of his firm’s investment in Cloudera, that: “As global business data growth reaches near-exponential rates, enterprise organisations are grappling with the reality that they need a way to manage and make use of it.”

In November $20m was invested in Platfora, the developer of a big data analysis and visualisation platform.

  • Click here for our dedicated section on all things big data.

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments

Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts