"That funding round will grow to $150 million and will bring Hortonworks’ total capital raised to $248 million. When it was announced in March, the round was said to value Hortonworks at north of $1 billion and viewed as a possible step toward an IPO in 2015. At the time, Hortonworks CEO Rob Bearden told me that the round “could have been bigger, but frankly we don’t need it.”HP Makes $50 Million Strategic Investment in Hortonworks | Re/code
The deal also brings the total of investments in Hadoop companies this year to nearly $1.2 billion: Chip giant Intel led a $900 million round in Cloudera in March, and last month MapR landed $110 million in a round led by Google Capital."
Friday, July 25, 2014
HP Makes $50 Million Strategic Investment in Hortonworks | Re/code
The big data big money is still flowing