Hortonworks Secures $50 Million
June 26th, 2013 By: John Rath
With a strong belief in the power of community driven open source software, Hortonworks is a Hadoop pioneer. Company CEO Rob Bearden announced in a blog post Tuesday that HortonWorks has received a new $50 million 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!.
The market reception for the Hortonworks business model and strategy has resonated strongly, and with over 100 customers and counting, the company has also built a strong ecosystem of partners that includes Microsoft, Teradata, Rackspace and many others. The new funding will be used to scale global field operations and further invest in engineering, as well as enable the company to increase the rate of innovation across all of the Hadoop projects. First in that list is YARN, the Apache Hadoop project that will further cement Hadoop as a core component of the data architectures of corporate IT organizations as it adapts Hadoop for an even broader range of new analytic, transactional, and operational use cases.
Together with Yahoo! Hortonworks will host the Hadoop Summit North America June 26 and 27 in San Jose, California. The two-day event will feature many of the Apache Hadoop thought leaders who will showcase successful Hadoop use cases, share development and administration tips and tricks, and educate organizations about how best to leverage Apache Hadoop as a key component in their enterprise data architecture. The event conversation can be followed on Twitter hashtag #hadoopsummit.