Cloudera today announced that it has secured $160 million in new financing to advance its distribution of the open source Hadoop big data platform.
The move brings the company’s total funding up to $300 million and reflects how bullish investors are on the Hadoop platform being a major tool for companies to handle their data in the future.
Equally as interesting as the investment are the investors: T. Rowe Price led the investment round, with support from Google Ventures and a firm that’s affiliated with Michael Dell. That contradicts reports from earlier today that the company would be announced up to $200 million in funding led by Intel.
The Google Ventures investment is particularly interesting because Google has its own Hadoop as a Service named BigQuery. “We see broad demand from enterprises who want a flexible approach to handling large amounts of data, and we expect this market to continue to grow rapidly,” said Google Ventures General Partner Karim Faris in a press release distributed by Cloudera. “Cloudera is dramatically lowering the cost of reliable storage for the enterprise and is enabling the analysis and mining of large data sets in a way that wasn’t possible before.”
Cloudera emerged from stealth in 2009 and is now one of the leading providers of a product based on the open source Apache Hadoop project. Other major competitors include Hortonworks, Teradata, MapR Technologies, Microsoft and Amazon Web Services.