T Rowe Price leads weighty $160 Cloudera financing round


data storage_lrgUS private equity firm T Rowe Price has led a hefty $160m financing round for analytics data management business Cloudera.

The latest funding, which also included commitments from Google Ventures and Michael Dell’s family investment firm MSD Capital, brings Cloudera’s total venture capital raised to $300m.

T Rowe Price New Horizons Fund portfolio manager Henry Ellenbogen said, “Cloudera is successfully helping enterprises exploit ‘big data’ and manage the transition to becoming more data centric.

“With strong leadership, an ability to innovate, a satisfied customer base, and a large partner community, we believe Cloudera is well positioned to build a durable and leading company in this space.”

Cloudera CEO Tom Reilly added, “When Cloudera emerged from stealth in 2009, the vision was to bring Hadoop to the enterprise.

“At the time, the idea of ‘big data’ was on the cusp of adoption. Five years later, Cloudera is setting the standard for how enterprises across all verticals are managing their big data.

“The market demand for these technologies is fierce as companies realize the competitive advantage and strategic value of their data.

“We are thrilled to have the backing of major institutional and strategic investors in this latest round and are well positioned to drive our vision and company growth at an even faster pace.”

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