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After a slow start to the 2017 IPO season, the big data company for real-time decisioning is following in the footsteps of Snap to go public and is reported to be fetching a valuation of $4.1bn.
Cloudera creates tools and provides services that center on the open-source data analysis software, Hadoop. Its technology helps wrangle mass amounts of data, analyze it and use it to make decisions in real time. The company competes with the likes of Hortonworks Inc. and MapR Technologies Inc. It has raised upward of $1 billion in private funding, including a $900 million round in March 2014. That injection included $740 million from Intel, as well as $160 million from investors T. Rowe Price Group Inc., Google Inc.’s venture arm and Michael Dell’s investment firm, MSD Capital LP.
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