Cloudera

Cloudera

Cloudera

American software company

Cloudera, Inc. is an American data lake software company.

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History

Cloudera, Inc. was formed on June 27, 2008 in Burlingame, California by Christophe Bisciglia, Amr Awadallah, Jeff Hammerbacher, and chief executive Mike Olson.[3] Prior to Cloudera, Bisciglia, Awadallah, and Hammerbacher were engineers at Google, Yahoo!, and Facebook respectively,[3] and Olson was a database executive at Oracle after his previous company Sleepycat was acquired by Oracle in 2006.[4] The four were joined in 2009 by Doug Cutting, a co-founder of Hadoop.[5]

Cloudera originally offered a free product based on Hadoop, earning revenue by selling support and consulting services around it.[3] In March 2009, the company began offering a commercial distribution of Hadoop.[6]

In 2009 the company received a $5 million investment led by Accel Partners.[7] This was followed by a $25 million funding round in October 2010[8] and a $40M funding round in November 2011.[9]

In June 2013, Olsen transitioned from CEO to chairman of the board and chief strategy officer. Tom Reilly, former CEO of ArcSight, was appointed CEO.[10]

In March 2014, Cloudera raised another $160 million in funding from T. Rowe Price and other investors.[11][12][13] Intel invested $740 million in Cloudera for an 18% stake in the company (a $4.1 billion company valuation).[14] These shares were repurchased by Cloudera in December 2020 for $314 million.[15][16]

On April 28, 2017, the company became a public company via an initial public offering.[17] Over the next four years, the company's share price declined in the wake of falling sales figures[18] and competition from public cloud services like Amazon Web Services.[19] In October 2018, Cloudera and Hortonworks announced their merger,[20] which the two companies completed the following January.[21] Five months later, CEO Reilly and founder Olsen left the company in June 2019. Board member Martin Cole was appointed as temporary CEO.[22]

In January 2020, former Hortonworks CEO Rob Bearden was appointed as Cloudera's CEO.[23]

In October 2021, the company went private after an acquisition by KKR and Clayton, Dubilier & Rice in an all cash transaction valued at approximately $5.3 billion.[24][19]

In October 2023, R2 Solutions LLC filed a civil complaint against Cloudera in the United States District Court for the Western District of Texas for patent infringement.[25] That same month, StreamScale won a $240 million jury verdict against Cloudera for patent infringement.[26]

Products and services

Cloudera provides the Cloudera Data Platform, a collection of products related to cloud services and data processing.[27][third-party source needed] Some of these services are provided through public cloud servers such as Microsoft Azure or Amazon Web Services, while others are private cloud services that require a subscription. Cloudera markets these products for purposes related to machine learning and data analysis.[1]

Cloudera has adopted the marketing term "data lakehouse," which derives from a combination of the terms "data lake" and "data warehouse."[citation needed]

Cloudera has formed partnerships with companies such as Dell,[28] IBM,[29][30] and Oracle.[31][third-party source needed]

In 2022, Cloudera announced support for Apache Iceberg.[32]

References

  1. [1]
    "Cloudera, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. [2]
    "Entity Details". Delaware.
  3. [3]
    Vance, Ashlee (March 16, 2009). "Bottling the Magic Behind Google and Facebook". The New York Times.
  4. [4]
    Vance, Ashlee (March 17, 2009). "Hadoop, a Free Software Program, Finds Uses Beyond Search". The New York Times.
  5. [5]
    Handy, Alex (10 August 2009). "Hadoop creator goes to Cloudera". Software Development Times. Archived from the original on 13 March 2012. Retrieved 2011-03-22.
  6. [6]
    Morgan, Timothy Prickett (16 March 2009). "Cloudera floats commercial Hadoop distro". The Register. Retrieved 13 March 2024.
  7. [7]
    Wauters, Robin (March 16, 2009). "Cloudera Raises $5 Million Series A Round For Hadoop Commercialization". TechCrunch.
  8. [8]
    "Cloudera Raises $25 Million for Hadoop Development". The New York Times. VentureBeat. October 27, 2010.
  9. [9]
    Rao, Leena (7 November 2011). "Ignition, Accel, Greylock Put $40M In Apache Hadoop Distribution Platform Cloudera". TechCrunch. Retrieved 13 March 2024.
  10. [10]
    Morgan, Timothy Prickett (June 20, 2013). "Cloudera taps new CEO for inevitable IPO push or acquisition: Former CEO becomes chairman and chief strategist". The Register.
  11. [11]
    Gage, Deborah (March 18, 2014). "Cloudera Raises $160 Million From T. Rowe Price, Other Public-Market Investors". The Wall Street Journal.
  12. [12]
    "Startup Cloudera raises $160 mln from T Rowe, Google Ventures". Reuters. March 18, 2014.
  13. [13]
    Schubarth, Cromwell (March 18, 2014). "Big bucks for Big Data: Cloudera raises $160 million". American City Business Journals.
  14. [14]
    Randewich, Noel (March 31, 2014). "Intel invested $740 million to buy 18 percent of Cloudera". Reuters.
  15. [15]
    "Cloudera Completes $500 Million Term Loan and Repurchases 26 Million Shares" (Press release). PR Newswire. December 23, 2020.
  16. [16]
    Cherney, Max A. (December 23, 2020). "Cloudera Buys Back $314 Million Intel Stake. Here's What It Means for the Stock". Barron's.
  17. [17]
    Balakrishnan, Anita (April 28, 2017). "Cloudera shares close more than 20% higher on Day 1". CNBC.
  18. [18]
    Levy, Ari (June 6, 2019). "Cloudera plummets 43% after CEO abruptly departs and company cuts forecast". CNBC. Archived from the original on 2019-06-06. Retrieved January 22, 2022.
  19. [19]
    Gottfried, Miriam (June 1, 2021). "KKR, CD&R Strike $5.3 Billion Deal to Buy Cloudera". The Wall Street Journal.
  20. [20]
    Novet, Jordan (3 October 2018). "Cloudera and Hortonworks shares skyrocket as rivals merge". CNBC.
  21. [21]
    Schubarth, Cromwell (3 January 2019). "Cloudera completes Hortonworks deal, but investors aren't convinced". American City Business Journals.
  22. [22]
    Levy, Ari (June 6, 2019). "Cloudera plummets 43% after CEO abruptly departs and company cuts forecast". CNBC. Archived from the original on 2019-06-06. Retrieved January 22, 2022.
  23. [23]
    Novet, Jordan (13 January 2020). "Cloudera taps former head of the company it merged with to be its new CEO". CNBC. Retrieved 23 January 2022.
  24. [24]
    "Cloudera Completes Agreement to Become a Private Company" (Press release). PR Newswire. October 8, 2021.
  25. [25]
    Calkins, Leurel Brubaker (6 October 2023). "Cloudera Accused of Usurping Patented Data Analytics Technology". Bloomberg Law. Retrieved 13 March 2024.
  26. [26]
    Brittain, Blake (13 October 2023). "Cloudera hit with $240 million patent verdict over cloud-storage technology". Reuters. Retrieved 13 March 2024.
  27. [27]
    "Cloudera Data Platform (CDP)". Cloudera. Retrieved 2023-05-02.
  28. [28]
    Menchaca, Lionel (August 4, 2011). "Introducing the Dell Cloudera solution for Apache Hadoop — Harnessing the power of big data". Dell Technologies.
  29. [29]
    "IBM, Cloudera Announce Strategic Partnership". IBM. June 21, 2019.
  30. [30]
    Dignan, Larry (June 21, 2019). "IBM, Cloudera forge strategic pact". ZDNet.
  31. [31]
    "Oracle Selects Cloudera to Provide Apache Hadoop Distribution and Tools for Oracle Big Data Appliance" (Press release). Cloudera. January 10, 2012.
  32. [32]
    Clark, Lindsay (1 July 2022). "Cloudera adopts Apache Iceberg tables to show OS commitment". The Register. Retrieved 13 March 2024.
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