The Daily Startup: Accel Leads Investment in Cloudera, as Hadoop Wave Rolls On

Written by on December 8, 2012 in Press & Events

WSJ 12/7/12 -

Cloudera has landed a $65 million Series E round of venture capital funding led by Accel Partners. Accel is not a new investor in Cloudera, the biggest and best-known company in the Hadoop world. It led its $5 million Series A round in 2009, and it is leading a round that includes all repeat investors, including Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

Russian incubator Fastlane Ventures has fueled up with a fresh $13 million from Kazakhstan businessman Kenges Rakishev, and will increase the number of startups it backs and nurtures next year. The infusion, which boosts the two-year-old incubator’s total raise to nearly $100 million, is the first such incubator bet by Rakishev. Fastlane Ventures uses a rapid build-to-launch model to create localized versions of companies that have been successful in the West and other parts of the world.

Also in today’s VentureWire, Redpoint Ventures is in talks with limited partners for a follow-up to its 2010 vintage fund, according to three investors. The firm aims to match the amount it raised for its oversubscribed Redpoint Ventures IV LP, which closed with $400 million…Aratana Therapeutics continues to stockpile human drugs that might also help people’s pets, licensing the animal-health rights to a pain treatment from publicly held Pacira Pharmaceuticals…and PCRX +0.12% Avelas Biosciences, maker of a fluorescent imaging probe that can illuminate cancerous tissue, has emerged from stealth mode with a $7.65 million Series A round, funding that will push the company’s technology further into clinical studies.

Go to full article here.

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