| By Marketwired . | Article Rating: |
|
| March 16, 2009 06:00 AM EDT | Reads: |
655 |
BURLINGAME, CA -- (Marketwire) -- 03/16/09 -- Cloudera, the commercial Hadoop(TM) company, today announced that it has closed a $5 million round of Series A financing led by Accel Partners. Founded in late 2008 by leading experts on big data from Facebook, Google, Oracle and Yahoo!, Cloudera's mission is to bring the power of Hadoop to organizations large and small. Hadoop, a powerful new way to manage and mine vast volumes of information, is the data processing engine behind some of the world's largest and most popular Web sites.
"We're fortunate to have Accel Partners as our venture capital partner as well as the financial support of some of the most respected and successful private investors and technology executives in high technology," said Mike Olson, CEO of Cloudera. "We believe that Hadoop is a disruptive new technology for mining valuable business information in the enormous streams of new data generated in enterprises today. Processing this kind of big data has been too expensive or too technically difficult for all but the most sophisticated IT organizations until now. Our mission is to use Hadoop to make big data processing capabilities accessible and affordable for all companies."
"Cloudera has critical elements that we look for in category-defining companies -- a world-class founding team, great technology, and a disruptive and large market opportunity," said Ping Li, a partner at Accel Partners. "Cloudera is uniquely positioned to bring the power of Hadoop to businesses, whether it be a scale out implementation inside a modern enterprise or harnessing the benefits of a hosted cloud solution." Li has also joined the Cloudera board of directors.
The founding team at Cloudera includes:
-- Mike Olson, who was vice president at Oracle and prior to that CEO at
open source database pioneer Sleepycat Software;
-- Christophe Bisciglia, who created and led Google's Academic Cloud
Computing Initiative that partnered with the National Science Foundation
(NSF) to make Google-hosted Hadoop clusters available for research and
education worldwide;
-- Dr. Amr Awadallah, co-founder of VivaSmart, acquired by Yahoo! where
Dr. Awadallah served as vice president of engineering and used Hadoop
extensively across the Yahoo! online services, including mail, search,
finance and news;
-- Jeff Hammerbacher, conceived, built, and led the data team at Facebook
responsible for driving many of the applications of statistics and machine
learning as well as building out the infrastructure to support these tasks
for massive data sets.
In addition to Accel Partners, investors in Cloudera include Mike Abbott (senior vice president, Palm), David desJardins (early Google employee), Caterina Fake (co-founder, Flickr), David Gerster (entrepreneur), Diane Greene (former CEO of VMware), Youssri Helmy (entrepreneur), Dr. Qi Lu (president of the Online Services Group, Microsoft; former executive vice president, Yahoo!), Marten Mickos (former CEO, MySQL), In Sik Rhee (former chief tactician, Opsware; founder, Loudcloud), Mendel Rosenblum (founder VMware), Jeff Weiner (president, LinkedIn; former senior vice president, Yahoo!), Dick Williams (CEO, Illustra; former CEO, Wily Technology), Gideon Yu (Facebook CFO; former senior vice president, Yahoo!; CFO, YouTube).
About Accel Partners
Founded in 1983, Accel Partners has a long history of excellence and innovation in the venture capital business and is dedicated to partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, London, UK, and Bangalore, India as well as in China via the IDG-Accel Partnership.
With over $4 billion under management, Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories include Actuate, Acopia, Agile Software, Alfresco, AMCC, Arrowpoint, BBN, Brightcove, ComScore, Etsy, Facebook, Foundry Networks, GlamMedia, Imperva, Infinera, Interwoven, JBoss, Kayak, Macromedia, Maven Networks, metroPCS, Polycom/PictureTel, Portal Software, QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot, Wily Technology, XenSource and Zimbra. For more information, visit the Accel Partners web site at www.accel.com.
About Cloudera
Cloudera (www.cloudera.com), the commercial Hadoop company, provides commercial services and support for Hadoop, the open source software that powers the data processing engines of the world's largest and most popular web sites. Founded by leading experts on big data from Facebook, Google, Oracle and Yahoo!, Cloudera's mission is to bring the power of Hadoop, MapReduce, and distributed storage to companies of all sizes. Headquartered in Silicon Valley, Cloudera has financial backing from Accel Partners and angel investors who include Diane Greene (former CEO of VMware), Marten Mickos (former CEO of MySQL) and Gideon Yu (CFO of Facebook). Cloudera's advisors include the founders of the Hadoop project, Doug Cutting and Mike Cafarella.
Cloudera is a registered trademark of Cloudera, Inc. Hadoop is a registered trademark of the Apache Software Foundation. All other company and product names are the property of their respective owners.
Daniel Schneider
Page One PR for Cloudera
415-321-2346
Published March 16, 2009 Reads 655
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.
Oct. 8, 2018 07:00 AM EDT Reads: 3,665 |
By Liz McMillan Oct. 8, 2018 05:45 AM EDT Reads: 2,839 |
By Zakia Bouachraoui Oct. 8, 2018 02:00 AM EDT |
By Pat Romanski Oct. 8, 2018 01:15 AM EDT Reads: 3,205 |
By Pat Romanski Oct. 6, 2018 10:45 PM EDT Reads: 3,116 |
By Liz McMillan Oct. 6, 2018 11:45 AM EDT Reads: 2,979 |
By Pat Romanski Oct. 5, 2018 09:00 PM EDT Reads: 1,727 |
By Yeshim Deniz Oct. 3, 2018 01:00 PM EDT Reads: 3,210 |
By Zakia Bouachraoui Sep. 6, 2018 07:30 PM EDT |
By Pat Romanski Sep. 5, 2018 04:00 PM EDT Reads: 1,658 |

















