Ignition Partners leads $40 million round for Cloudera

Written by on November 7, 2011 in Press & Events

cloudera

11/7/2011 – Ignition Partners, Greylock, Accel, In-Q-Tel, Meritech Capital Partners and others are pumping $40 million into Cloudera, a Palo Alto, California-based maker of software and services tied to the Apache Hadoop open source project.

Founded in 2008, Cloudera raised a $5 million round in 2009 and $25 million last fall. Total funding now stands at about $80 million. Frank Artale — who has been actively investing in cloud computing startups in recent months — is leading the investment for Ignition.

“Cloudera is the defining company in the Big Data industry and the popularity of Hadoop is increasing every day,” said Artale in a press release. “The Big Data space is moving fast — we looked at many investment opportunities and chose Cloudera due to their clear leadership.”

Read more at Geekwire or visit Cloudera for more information.

Latest Posts

Latest Tweets