TechCrunch
Hortonworks Raises $50M For Expansion And Development In Growing Hadoop Oriented Data Analytics Market
Hortonworks announced on its blog this morning that it has raised $50 million in new financing to accelerate the growth and development of its Hadoop distribution for data analytics and the application in operations and transaction-based systems.
The investment was led by new investors Tenaya Capital and Dragoneer Investment Group, with participation from existing investors Benchmark Capital, Index Ventures and Yahoo!
It was just this morning that I read that Hortonworks looked like a potential acquisition target. So the news here is significant in itself that investors have confidence in the company and its opportunities.
Hortonworks spun out of Yahoo! in 2011 and competes with companies like Cloudera and MapR. The company’s business model revolves on its close association with Apache Hadoop and its viability as a data platform. It is a chief contributor to Hadoop 2.0 and Apache Hadoop Yarn, viewed as the next-generation of the Hadoop platform.
The Hadoop market is starting to boom. It seems that companies suddenly realize that analytics are increasingly important. The investment helps Hortonworks compete in a space against a host of startups such as Datameer and Karmasphere as well as enterprise players such as IBM and EMC.
Send In Your Questions For Ask A VC With NEA's Jon Sakoda
On this week’s Ask A VC show, we have NEA’s Jon Sakoda on the show. As you may remember, you can submit questions for our guests either in the comments or here and we’ll ask them during the show.
Sakoda joined NEA in 2006 and focuses on investments in SaaS, Infrastructure Software, and Big Data Applications. His investments include Blue Jeans Network, Desire2Learn, Hearsay Social, OPOWER, ScienceLogic, Suniva, and WibiData. Sakoda also co-manages NEA’s seed investment program.
Prior to joining NEA, Jon was an entrepreneur and co-founder of IMlogic (acquired by Symantec Corporation) and served as its Chief Technology Officer and Vice President of Products.
Sakoda should have insight into how NEA picks its seed investments and why the firm started the program in the first place.
Please send us your questions for Sakoda here or put them in the comments below!
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