Big data and Cloudera: Follow the money
Cloudera raises another $6 million to further its Hadoop commercialization efforts.
I recently asked Cloudera CEO Mike Olson how a commercial open-source company.
When it comes to open source, this isn't Olson's first rodeo; in his past life he served as CEO of the open-source database company Sleepycat, which was acquired by Oracle in 2006. Olson understands the fragile balance that exists in open source; he's a firm believer that good community relations are critical for open-source companies. Case in point--since we last spoke, Cloudera launched the industry's first certification program for Hadoop and MapReduce, open source projects that support data intensive distributed applications.
Cloudera on Tuesday is expected to formally announce the closing of a $6 million series B funding round led by Greylock (whose past investments successes include Red Hat among many others).
Olson reports that fast growth in the business and rapid adoption of Hadoop/MapReduce drove heavy interest from investors. For Cloudera, apparently it's a buyer's market, so it decided to secure funding now to allow it to expand the business rapidly on all fronts.
So, with $11 million in the bank from top-tier VCs (Accel led the A round and participated in the B) along with individual investments from Diane Greene (former CEO of VMware), Marten Mickos (former CEO of MySQL), and Jeff Weiner (president of LinkedIn), Cloudera has successfully raised the smart money to compliment the big data all-star founding team from Google, Facebook, and Yahoo.
For a brief overview of Hadoop and Cloudera check out the video below.
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