by Staff Writers
San Francisco (AFP) March 31, 2014
In a sign of the growing importance of the Internet "cloud," software group Cloudera said Monday it raised a whopping $900 million to expand its big data corporate services.
US chip giant Intel is leading the financing with a "significant" investment which will give it an 18 percent stake in Cloudera, the companies said.
The move highlights the importance of cloud services, which can store data from computers and a range of devices including appliances, cars and wearables connected to the Internet.
Tom Reilly, Cloudera's chief executive, said the investment means "Cloudera will be the company to lead this global shift in extracting value from data."
Intel said it was making its largest-ever data center technology investment for a project "making it easier for companies of all sizes to obtain increased business value from data."
The collaboration comes with tech firms looking for opportunities to bring together data from the "Internet of Things," which can include items ranging from coffee cups to tractors.
Cloudera uses a system powered by Apache Hadoop, an open-source software which can store and process huge amounts of data efficiently.
"By aligning the Cloudera and Intel roadmaps, we are creating the platform of choice for big data analytics," said Diane Bryant, senior vice president of Intel's Data Center Group
"We expect to accelerate industry adoption of the Hadoop data platform and enable companies to mine their data for insights that inform the business. This collaboration spans our data center technology from compute to network, security and storage, and extends to our initiatives for the Internet of Things."
Space Technology News - Applications and Research
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|