Cloudera raises $65 million; big data bets get bigger

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:

• Cloudera aims to bring real-time queries to Hadoop, big data
• Cloudera’s Impala brings Hadoop to SQL and BI
• Hadoop on your PC: Cloudera's CDH4 virtual machine
• Cloudera and Mount Sinai: The structure of a Big Data Revolution?
• Cloudera partners with IBM, as its own influence grows
• Can Cloudera take Hadoop commercial?

More about Accel Partners on ZDNet:

• The V.C. Corner: Ping Li, Accel Partners