Cloudera raises $65 million; big data bets get bigger

Summary:Accel Partners, Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners up the ante on big data.

Cloudera, a prominent purveyor of big data software, has raised an astounding $65 million from investors, reports AllThingsD's Arik Hesseldahl.

It's a big bet on the potential of big data to transform industries.

The Series E financing round was led by Accel Partners and included Greylock Partners, Ignition Partners, In-Q-Tel (of CIA fame) and Meritech Capital Partners, all existing investors. It brings the company's total funding to date to $140 million and values the company at $700 million, Hesseldahl reports.

Cloudera was formed in 2008 by Jeff Hammerbacher, Christophe Bisciglia, Amr Awadallah and Mike Olson, veterans of Facebook, Google, Yahoo and Oracle. The company most recently hired Yodlee and Ariba veteran Jim Frankola as CFO, and has plans to expand in Europe, Hesseldahl reports.

More about Cloudera on ZDNet:

More about Accel Partners on ZDNet:

Topics: Cloud, Big Data

About

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. He is also the former editor of SmartPlanet, ZDNet's sister site about innovation. He writes about business, technology and design now but used to cover finance, fashion and culture. He was an intern at Money, Men's Vogue, Popular Mechanics and the New York Daily Ne... Full Bio

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