Intel acquires 18% stake in Cloudera for $740M


Source: Cloudera

Intel Corp. has entered into a strategic collaboration with CA based enterprise data management firm, Cloudera, as announced last week. Intel has also agreed to invest USD 740 million for an 18% stake in the company, per The Wall Street Journal’s Don Clark.

Cloudera, launched in 2008, offers enterprises one place to store, process and analyze all their data. This empowers them to extend the value of existing investments while enabling fundamental new ways to derive value from their data.

At present, the company works with over 900 hardware, software and services partners in almost every industry. This includes finance, telecommunications, retail, internet, utilities, oil and gas, healthcare, biopharmaceuticals, networking and media, plus top public sector organizations globally.

It is backed by investors such as Greylock Partners, Accel Partners, Google Ventures, T.Rowe Price, In-Q-Tel among many others. The current round led the total funding raised till date to USD 1.04 billion, as per company’s crunchbase profile.

With Intel seeking interest in the Internet of Things (IoT), the move completely makes sense. The deal will enhance both Intel data center and Internet of Things (IoT) technology initiatives by enabling customers to manage and analyze machine-generated data from a variety of sources, spanning sensors to gateways and a range of devices.

“We expect to accelerate industry adoption of the Hadoop data platform and enable companies to mine their data for insights that inform the business. This collaboration spans our data center technology from compute to network, security and storage, and extends to our initiatives for the Internet of Things,” said Diane Bryant, senior vice president and general manager of Intel’s Data Center Group.

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Both companies remain committed to the open source community that has been the driving force behind Hadoop. The companies will also execute joint go-to-market strategies that include coordinated product, channel and sales programs.

Other significant investments of Intel included acquisition of Spanish startup Indisys to make its move in artificial intelligence and wireless assets of Mindspeed Technologies.

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