Michael Dell, Intel, Google Ventures, etc. have invested in Cloudera, an enterprise analytic data management vendor.
The equity share of Intel is 18 percent.
Also read: Intel picks up significant stake in Cloudera to boost Internet of Things
Cloudera in a statement today said it received $900 million round of financing. This financing round includes previously-announced $160 million of funding from T Rowe Price and three other investors, Google Ventures, and an affiliate of MSD Capital, the private investment arm of Michael Dell and his family, and Intel.
Tom Reilly, CEO of Cloudera, said: “Clearly, demand is accelerating and the market is poised for growth — for all of the players in this space, and we believe Cloudera will be the company to lead this global shift in extracting value from data.”
These investors’ interest in Cloudera, a start-up, reflects some of forecasts of top research agencies.
According to Gartner, the market for data management infrastructure — database management systems including data warehousing, storage management, BI, ECM and data integration, and related systems – will be $94 billion by 2017 from $74 billion in 2014.
IT market research agency IDC says the big data technology and services market will grow at a CAGR of 27 percent from 2012 to 2017, growing to $32.4 billion, and that the Internet of Things will generate 30 billion autonomously connected endpoints.
Gartner predicted that Big Data would drive $232 billion in IT spending through 2016.
IDC estimates that the amount of data in the world will grow fifty-fold from 2010 to 2020.
Cloudera will use the funding to: support the agreement with Intel, drive the enterprise adoption of Hadoop, and promote the enterprise data hub (EDH) market; support expansion into Europe, Asia and China through Intel’s presence in that region, and expand its services and support capabilities for new open source projects; and scale the field and engineering organizations.
