Cloudera, a Palo Alto, CA-based provider of enterprise analytic data management powered by Apache Hadoop™, raised $900m.
This financing round includes the previously announced $160m from T. Rowe Price and three other public market investors, Google Ventures, and an affiliate of MSD Capital, L.P., the private investment arm of Michael Dell and his family (read here), and a significant (approximately $740m) equity investment by Intel (that gives them an 18% share of Cloudera) (read here).
The company intends to use the funds to support the collaboration agreement with Intel, drive enterprise adoption of and innovation in Hadoop, promote the enterprise data hub (EDH) market, support geographic expansion into Europe, Asia and now China through Intel’s market presence in that region, expand its services and support capabilities for new open source projects, and scale the field and engineering organizations.
Founded in 2008 and led by Tom Reilly, CEO, Cloudera provides enterprises with a data hub built on Apache Hadoop™ to store, process and analyze all their data and offers software for storage, access, management, analysis, security and search. The company has trained over 20,000 individuals worldwide and has over 900 partners and a professional services team to provide proactive and predictive support to run an enterprise data hub.
The financing is expected to close in the second quarter of 2014, subject to the satisfaction of customary closing conditions, including applicable regulatory requirements.