Hortonworks Raises $50M For Expansion And Development

Big data is currently on fire when it comes to the mainstream enterprise market, but it also brings into question just how stable the open source community really is.

Some have predicted the entire Hadoop ecosystem needs a considerable overhaul on its journey to becoming ‘enterprise grade’, in order to boost its stability for the challenges ahead.

Challenges such as the demands of modern workloads set from new applications, as well as issues in compliance for big business.

Earlier this week came a new injection of life for the open source Hadoop community, as Hortonworks announced a staggering funding round of $50 million, led by fresh investors Tanaya Capital and Dragoneer Investment Group, alongside existing financiers such as Yahoo YHOO, Index Ventures, and Benchmark Capital.

This fresh application of funds projects Hortonworks right to the middle of the big data space debate, while quieting rumours that Hortonworks is a prime target for an IBM acquisition, causing many to question its future. Now some speculate the investment signifies a future for Hortonworks as an independent and growing venture in its own right.

CEO Rob Bearden (via Forbes), said:

“The market reception of our business model and strategy of ensuring 100% open source Apache Hadoop becomes an enterprise viable data platform is resonating strongly with the market.”

He went on to state that the action includes Hortonworks’ growing customer database (currently 100+), as well as a ‘broader ecosystem’ of partners, including Teradata, Rackspace, Microsoft and many more who have become partners on their way to achievable deliverable modern data architecture to their customers.
Hortonworks recently blogged that the aforementioned funding will be focusing on investing in engineering, as well as scaling global field operations – which is good news for some. Bearden hopes the funding will enable Hortonworks to increase their rate of innovation over all Hadoop projects.

And according to Bearden, these investments should continue to progress enterprise requirements, and encouraging greater enterprise adoption within the next few months.

 

Source: Forbes

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