in

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

In-Q-Tel an Investor in Big Data Open Source Provider Cloudera - top government contractors - best government contracting event

In-Q-Tel an Investor in Big Data Open Source Provider Cloudera - top government contractors - best government contracting eventIn-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.

Arik Hesseldahl 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.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Technology

BAE Wins $2B for UK Nuclear Sub - top government contractors - best government contracting event

BAE Wins $2B for UK Nuclear Sub

Report: CBP Delaying Digital Border Contract Award