Data Management Provider Cloudera Just Raised $40 Million

HP servers in Apple data centre

Photo: Apple

Cloudera has raised $40 million in its fourth round of funding.Cloudera makes data management software.

It runs on something called Hadoop, an open-source data-management software service that is useful for companies that store enormous amounts of data and have to regularly index it.

Accel Partners, Greylock Partners, In-Q-Tel and Meritech Capital Partners all participated in the most recent funding round. It has raised $76 million to date.

Cloudera got started back in 2008, when an engineer named Jeff Hammerbacher quit his fancy job at Facebook.

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