Tuesday, November 11, 2014

Hortonworks Files to Float Public Shares in 2015 | Re/code

A major milestone for the "Hadoop platform" category

"In the filing, Hortonworks disclosed a net loss of $36.6 million on $11 million in revenue in its 2013 fiscal year ended April 30. It said it recently shifted its fiscal year to end on Dec. 31. For the first nine months of 2014, it posted an $86.7 million loss on $33.3 million in revenue.

Hortonworks was part of the wave earlier this year of massive investments in Hadoop companies that has clocked in at more than $1 billion. Hortonworks had already raised nearly a quarter of a billion dollars, including $150 million from computing giant Hewlett-Packard and the investment firm Blackrock. Its latest investment rounds valued the company at north of $1 billion. Other investors include Benchmark Capital, whose partner Peter Fenton sits on its board."
Hortonworks Files to Float Public Shares in 2015 | Re/code
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