Ignition Partners leads $40 million round for ClouderaPosted by admin on November 07, 2011
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.”