Hadoop specialist Pepperdata announced that it has raised $5 million in a Series A financing round, led by Signia Venture Partners and Webb Investment Network. Founded by former Yahoo and Microsoft executives, Pepperdata also lists Yahoo co-founder Jerry Yang and former Motorola CEO Ed Zander as investors.
The company will use the new funding to accelerate investments in product development and further build out the company’s sales and marketing organization. Pepperdata software is already helping a number of customers, including some of the world’s largest internet and software-as-a-service companies, optimize large-scale Hadoop clusters with over a thousand nodes. Pepperdata's software allows customers to run multiple applications on one cluster, achieving more efficient capacity utilization, predictability, and quality of service for their Hadoop infrastructure. The company plans to more than double the size of its team over the next 12 months.
“We operate in a world where thousand-node Hadoop clusters are rapidly becoming commonplace,” said Sean Suchter, cofounder and CEO, Pepperdata. “We want to make running multiple big data applications on a single cluster as easy as running multiple applications on your laptop. This funding will allow us to continue enhancing the solution, expand our sales team, and deliver even more value to existing and future customers.”
“Sean and Chad have built a world-class technical team who understand the challenges with Hadoop better than anyone -- they were the first ones to run a business on it,” said Ed Cluss, Partner at Signia Ventures and Board Member at Pepperdata. “Technology that solves the challenges of running Hadoop in the enterprise will be critical to the future of big data. Pepperdata is uniquely positioned to provide a much-needed solution that brings increased visibility, capacity planning and control to Hadoop.”