Cloudera, a provider of enterprise analytic data management powered by Apache Hadoop, has closed a new $160 million financing round led by T. Rowe Price, with participation from Google Ventures and MSD Capital, among others. The company provides businesses with one place to store, process and analyze all their data, and offers software for challenges like storage, access, management, analysis, security and search. Cloudera has now raised over $300 million in funding to date, including a $65.5 million Series E round led by Accel Partners in 2012 that valued the company at $649 million.
Apache Hadoop is an open-source software system that can sort and handle massive amounts of data generated through the Internet and mobile devices. Cloudera's new funding will further drive the enterprise adoption of Hadoop and promote the enterprise data hub market, as well as support geographic expansion into Europe and Asia, expand its services and support capabilities, and scale the field and engineering organizations. Additional investors of IPO-destined Cloudera include Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners, among others.