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Ignition Partners leads $40m Series D tranche for Cloudera

7 Nov 2011

US-based venture capital firm Ignition Partners has led a $40m Series D financing round for Cloudera, a provider of Apache Hadoop-based data management software and services.

The firm joined existing investors Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel in the round, which will enable the company to further expand its marketing and sales operations and support key strategic initiatives.

Used by some of the world’s largest social media and e-commerce companies, including eBay, Facebook, LinkedIn and Twitter, Apache Hadoop is a disruptive open source technology that addresses the economic, flexibility and scalability issues surrounding massive data growth in the enterprise.

Cloudera also pioneered the development of an official curriculum from which to train and certify developers and system administrators on Apache Hadoop. Since 2009, the company has trained more than 7,000 students on Hadoop. Its Cloudera University training courses offer both public classes and private courses for commercial organisations.

Frank Artale, a partner at Ignition who led the deal, said, “Cloudera is the defining company in the big data industry and the popularity of Hadoop is increasing every day. The big data space is moving fast – we looked at many investment opportunities and chose Cloudera due to their clear leadership.

“The team and its technology are the best in this business and we are excited to be part of it. Given our firm’s deep domain expertise in building platforms at scale, we are uniquely qualified to provide support as this expansion takes place. Our expertise complements the long-term goals of Cloudera, specifically as the company accelerates both independent software vendors and enterprise adoption of the platform,” he added.

Ignition Partners recently exited its stake in Swype, an input method for touchscreens that allows users to enter words by sliding a finger or stylus from letter to letter. Swype was bought by Nuance, a speech and digital imaging software company for $102.5m.

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