Google Ventures and Michael Dell’s investment company are part of the round table …
Specialized in data analysis and management, the American Cloudera has just completed a giant fundraiser by completing a funding round of 160 million dollars with T. Rowe Price, as leader of the operation, and third party investors such as Google Ventures and MSD Capital, the investment firm of Michael Dell, the founder of the eponymous computer giant. This new transaction brings the total amounts raised by the company to $ 300 million.
The company will benefit from this momentum to strongly accelerate its growth this year with a reinforcement of innovation and of its workforce to promote the adoption of its solutions in Europe and Asia. “We are seeing a large demand from companies who want a flexible approach to managing large amounts of data, and we expect this market to continue to grow rapidly,” said Karim Faris of Google Ventures. “Cloudera dramatically lowers the cost of storage for a business and enables the analysis and exploitation of large amounts of data in ways not previously possible.”
Founded in 2008 in Palo Alto, California, Cloudera offers a data management platform based on Apache Hadoop, a software open source but difficult to use for the general public. The company therefore claims to have already trained 20,000 individuals around the world through its products.