Cloudera, which provides an enterprise version of Hadoop and big data software, said it has raised a whopping $900 million in financing from the likes of Google Ventures, T.Rowe Price, Intel and Michael Dell's private equity arm.
The funding includes an 18 percent stake in Cloudera for Intel, which last week dropped its Hadoop distribution. The $900 million tally also includes the $160 million round recently announced. Do the math and Intel paid $740 million for an 18 percent stake in Cloudera and saved some money by dropping its own Hadoop efforts. The Intel move also allows it to participate in Cloudera's likely initial public offering at some point.
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In any case, $900 million validates the enterprise big data market as well as Cloudera's standing. The company will be well funded to compete with everyone from Hortonworks to EMC's Pivotal venture as well as a bevy of other enterprise software players.
Tom Reilly, CEO of Cloudera, said in a statement that "demand is accelerating" and the company is well positioned to lead the big data push.
As for the money, Cloudera said it will use the funds to support its collaboration deal with Intel, promote its enterprise data hub architecture, expand globally and scale sales, support and engineering.
The financing closes in the second quarter.