Hortonworks announces $50 million in new financing and welcomes new investors to accelerate next phase of growth
We are delighted to announce a new round of funding led by new investors Tenaya Capital and Dragoneer Investment Group, with participation from our existing investors Benchmark Capital, Index Ventures and Yahoo!.
I could not be more excited about the opportunity in front of us. The market reception of our business model and strategy of ensuring 100% open source Apache Hadoop becomes an enterprise viable data platform is resonating strongly with the market. This includes a rapidly growing number of Hortonworks customers – 100+ and counting – but just as importantly, a broader ecosystem of partners that includes Microsoft, Teradata, Rackspace and many others who have chosen to partner closely with us on this journey to deliver a modern data architecture to our collective customers.
This journey will continue through the availability of Hadoop 2.0 and Apache Hadoop YARN later in the year. The innovation in YARN will further cement Hadoop as a core component of the data architectures of corporate IT organizations as it unlocks the power of Hadoop to an even broader range of new analytic, transactional, and operational use cases.
With this funding we will focus on both scaling global field operations as well as further investing in our engineering organization. It will enable us to increase the rate of innovation across all of the Hadoop projects. This starts with the YARN based initiatives but also extends to Security, Data Lifecycle Management, Streaming and beyond. Those investments will continue to fulfill enterprise requirements and fuel greater enterprise adoption in the coming months.
It is exciting to see the rate of adoption Hadoop is experiencing: usage is growing across almost every industry at a truly amazing rate. And at the Hadoop Summit in San Jose this week we will be hosting 2,500+ attendees and more than 65 sponsors to celebrate all of the above and more.
We are very pleased to welcome these two amazing investors to our team and extremely excited about the opportunity ahead. Hadoop with us!!!