BlueData mobilizes $20 mn funding led by Intel Capital

US dollar
BlueData, a provider of the infrastructure software platform for Big Data, has mobilized $20 million Series C funding round led by Intel Capital.

Existing investors Amplify Partners, Atlantic Bridge, and Ignition Partners as well as a new unnamed strategic investor participated in the latest round of funding.

According to IDC, the market for Big Data will reach $41.5 billion by 2018, growing at a 26 percent CAGR, six times faster than the overall IT market.

BlueData will use the additional funding to double its software development and innovation, along with expanding its engineering, sales, business development and marketing teams.

BlueData will support the latest versions and distributions in the Hadoop and Spark ecosystem, leveraging its partnerships with vendors such as Cloudera, Databricks, Hortonworks and MapR, as well as with application vendors such as AtScale, Datameer, Platfora, Splunk, Tableau and Trifacta.

“We founded BlueData with the goal of transforming the way that companies deploy Big Data infrastructure,” said Kumar Sreekanti, co-founder and CEO of BlueData.

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