In-Q-Tel an Investor in Big Data Open Source Provider Cloudera

In-Q-Tel is investing in big data firm Cloudera as part of that company’s newest venture capital round, All Things D reports.

Cloudera raised $65 million in its latest round from IQT, Accel Partners, Greylock Partners, Ignition Partners and Meritech Capital Partners.

writes this brings Cloudera’s total amount of capital to about $140 million and total value of the company to $700 million.

Three engineers from Facebook, Google and Yahoo and former Oracle executive Mike Olson founded Cloudera in 2008 to provide companies and other large enterprises Hadoop open source software, which aims to solve problems associated with big data.

The company is opening new offices in the U.K. during the first quarter of 2013 as part of an expansion plan for Europe, the report said.

In-Q-Tel, the intelligence community’s venture capital arm, is also investing in 10gen, another open source-focused firm working on a document database for delivering big data applications.

Share this story...Tweet about this on Twitter1Share on LinkedIn0Share on Facebook0Share on Google+0Email this to someone
Filed in: News Tags: , , , ,

You might like:

Report: IBM Eyes $40B Revenue From Cloud, Security, Analytics in 2018 Report: IBM Eyes $40B Revenue From Cloud, Security, Analytics in 2018
Booz Allen Rolls Out New Digital Workplace; Kevin Winter Comments Booz Allen Rolls Out New Digital Workplace; Kevin Winter Comments
MapR Hadoop Training Program Seeks to Build Up Federal Contractor IT Workforce Skills MapR Hadoop Training Program Seeks to Build Up Federal Contractor IT Workforce Skills
Tech Firms Form Open Data Platform Alliance; Siki Giunta Comments Tech Firms Form Open Data Platform Alliance; Siki Giunta Comments
© 2015 ExecutiveBiz. All rights reserved.