Palo Alto, Calif. – Cloudera, a Palo Alto-based developer of data management software and services based on the open source Apache Hadoop framework, said on Monday it has raised $40 million in its fourth round of funding, led by Ignition Partners.
Previous backers Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel also participated in the round, which the company will use to expand its sales and marketing teams and support other key initiatives.
Clients such as AOL, comScore, Groupon and Samsung use Cloudera’s tools to help store, manage and analyze large amounts of data. The company now has secured $76 million since its inception in late 2008.
This article was also published in Bay Area Tech Wire.
Press release – http://tinyurl.com/6r876ph