Monday, March 31, 2014

Cloudera Raises $900M In Mega Financing Round

Palo Alto-based Cloudera, which develops data analytics software based on Apache Hadoop, said Monday that it has closed on $900M in a round of financing, which includes the $160M announced by the company earlier in March. CLoudera said the funding came from T. Rowe Price, Google Ventures, MSD Capital--the investment arm of Michael Dell--as well as Intel. The company said the funding brings Intel's stake in the company to 18% of the company. More information »