Cloudera has agreed to acquire certain assets of Arcadia Data, a provider of cloud-native AI-powered business intelligence and real-time analytics.
Arcadia Data in October 2018 announced it raised $15 million in a Series B funding round led by Pelion Venture Partners with participation from existing investors Intel Capital, Mayfield Fund, and Blumberg Capital. Arcadia Data raised $27 million to date.
Main customers of Arcadia Data include Nokia, P&G, RBC Royal Bank, Komatsu, Neustar, Enstar, among others.
Arcadia Data says five of the top seven financial services companies are among its customers and more than 2,500 companies are using Arcadia Instant.
Arcadia Data’s architecture delivers insights from modern data platforms like cloud object stores, Apache Kafka and Apache Hadoop. Arcadia’s ArcEngine technology enables enterprises to generate insights in use cases like data lakes, cybersecurity, IoT and customer intelligence.
Cloudera and Arcadia Data together will accelerate time-to-insight for Cloudera customers, and drive the future of the enterprise data cloud for businesses that need to solve complex data management and analytic use cases.
Sushil Thomas is the co-founder and CEO of Arcadia Data. Priyank Patel is the co-founder and CPO; Shant Hovsepian is co-founder and CTO and Doug Cameron is the co-founder and chief architect at Arcadia Data. The entire Arcadia Data organization will join Cloudera.
Cloudera reported revenue of $196.7 million in its second quarter of fiscal year 2020, ended July 31, 2019. Carl Icahn, an investor, and his associates have picked up more than 18 percent stake in Cloudera.