Accel Partners et al Make it Rain $65M for Cloudera
December 10, 2012
Since its founding in 2008, Cloudera has continued to bring in the big bucks to develop its Hadoop storage and management platform. The Palo Alto, Calif.-based company recently closed on a colossal $65 million round of financing. To date, Cloudera has raised close to $150 million in total funding, thanks in part to a huge Series D round in November of last year, which brought in $40 million. According to an official press release, the fresh capital “will fund global sales growth and fuel continued development of its platform for Big Data in support of its growing enterprise customer base.” Accel Partners led the round, with participation from Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners. All investors have participated in Cloudera funding in the past.