It’s been a good week for Ignition Partners, the Bellevue venture capital firm.
On Wednesday, Citrix Systems announced its intentions to acquire Ignition portfolio company Zenprise in a deal that Fortune pegged at $355 million. Now, Cloudera, a four-year-old Hadoop based software startup led by ex-engineers from Facebook, Google and Yahoo, has scored $65 million in fresh funding from Accel Partners, Greylock, Ignition and others. All Things D puts the valuation at roughly $700 million.
In a press release, Palo Alto, California-based Cloudera said that the funding would help fuel its growing enterprise customer base, including the opening of a new European office in the U.K. next year. Customers using the service include EBay, Expedia, Experian, JP Morgan Chase, Monsanto, Morgan Stanley, Network Appliance, Nokia and The Walt Disney Company. Cloudera’s service allows organizations to analyze both structured and unstructured data.
“As global business data growth reaches near exponential rates, enterprise organizations are grappling with the reality that they need a way to manage and make use of it,” said Ping Li, a partner at Accel Partners. “Four years ago, Cloudera set out to pioneer the business case for Apache Hadoop in the enterprise. The team succeeded in developing the market’s leading platform for Big Data and has become the go-to technology for enterprise Hadoop Infrastructure, supported by its rich and diverse partner ecosystem. The company is accelerating on its position as the standard for Hadoop in the enterprise and is well positioned to expand its revenue and global customer footprint.”
