Earlier this month, Cloudera announced that it had raised $160 million from a cadre of investors, including Google Ventures. That, as TechCrunch noted, brought its total funding to $300 million. Scratch all that: Cloudera today announced that it has picked up $740 million more from Intel, a figure that we confirmed with the investor.
The company noted in its release that Intel’s stake amounts 18 percent. That gives the company an implied valuation of around $4.1 billion. So, welcome to the Ten Figure club, Cloudera.
Cloudera uses Hadoop to analyze and synthesize large datasets. AOL, TechCrunch’s parent company, is a Cloudera customer.
CrunchBase calls the round a two-part Series F, which, given the quick succession of the capital, and the fact that Cloudera is calling it a single traunch, is reasonable. However, the valuation of the company may have shifted during the short interim. In the words of Forbes’ Dan Primack:
What’s stunning about the Cloudera news is how Intel seems to have paid a much higher valuation than did T Rowe/VCs
Cloudera has now raised north of $1 billion dollars over a number of rounds.
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