Originally posted on VentureBeat:
Cloudera has pulled in $65 million in its fifth round of venture capital funding, bringing the company’s total funds to $140 million.
The Silicon Valley company was among the first to commercialize Hadoop, the open source computing framework that makes it easier for large corporations to manage large volumes of data that cannot be stored in a traditional database. In recent years, Hadoop has become synonymous with the term “big data”.
AllThingsD’s Arik Hesseldahl originally reported the story, but did not cite the source. The round was announced at a closed meeting of Cloudera execs at its Palo Alto headquarters led by CEO Mike Olson. According to AllThingsD, this deal values Cloudera at about $700 million, which puts it in strong position as the company edges toward an initial public offering.
Cloudera has not yet made a formal announcement about the funding.
The company was started in 2008 by three engineers…
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