NEWS7 December 2012

Big data firm Cloudera gets $65m to fund expansion

Financials North America

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

It closed a $65m investment round this week, with funds earmarked for international expansion ā€“ a European HQ is due to open in the first quarter ā€“ 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.

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