Ignition Partners, Greylock, Accel, In-Q-Tel, Meritech Capital Partners and others are pumping $40 million into Cloudera, a Palo Alto, California-based maker of software and services tied to the Apache Hadoop open source project.
Founded in 2008, Cloudera raised a $5 million round in 2009 and $25 million last fall. Total funding now stands at about $80 million. Frank Artale — who has been actively investing in cloud computing startups in recent months — is leading the investment for Ignition.
“Cloudera is the defining company in the Big Data industry and the popularity of Hadoop is increasing every day,” said Artale in a press release. “The Big Data space is moving fast — we looked at many investment opportunities and chose Cloudera due to their clear leadership.”
Bellevue-based Ignition has been investing heavily in companies outside of the Seattle area over the past 18 months, backing firms such as BlueStacks, Mashape, Couchbase and others.
It also has been investing at both the seed-stage and late-stage, as was the case with Cloudera. The Cloudera deal marks one of Ignition’s largest investments to date.
