Horton hears Wall Street calling
Hortonworks collects $100m in funding for Hadoop ecosystem
Apache Hadoop solutions specialists Hortonworks have earned themselves a tidy $100 million in their latest funding round, led by US investment firms BlackRock and Passport Capital.
Although last week rival Cloudera trumped the data crunchers with $160 million worth of investments from T Rowe Price and Google Ventures among others, Rob Bearden, Hortonworks’ chief executive, isn’t splitting any hairs, noting that the round could have been much larger, and “quite honestly we don’t need it...we’ve run the company with a lot of financial discipline”.
Past backers Dragoneer Investment Group, Benchmark Capital, Tenaya Capital, Index Ventures and Yahoo Inc. also contributed to this round. The investment brings the Hortonworks’ funding to date to $225 million.
The California based company, which is a commercial offshoot by the original Hadoop creators, has inked several partnership deals in recent years, with collaborators including Red Hat, the Apache Accumulo company sqrrl and codecentric. Last June, they raised $50 million to put towards growing global field activities and amping up their engineering muscle.
According to the official press release, this latest cash injection will go towards extending Hortonworks’ “strategy of delivering Apache Hadoop for the enterprise through leading innovation completely in the open, through the continued expansion of the ecosystem and through the expansion of global operations.”
In recent years, there’s been a huge shift in how companies think about their big data, and Hadoop has played an important role in this process, providing technology that simplifies the intimidating task of scouring huge amounts of data for meaningful analytics.
Recode.net reports that a recent IDC survey of 202 large companies who had been toying with Hadoop discovered that nearly a third of them had moved it to production environments, and around a further third wanted to do so within a year or less. It may well be that investors are sensing that a tipping point for uptake of Hadoop in the enterprise is coming - and soon.