BlueData, a Mountain View, California-based provider of an infrastructure software platform for Big Data, raised $20m in Series C funding.
The round was led by Intel Capital, with participation from existing investors Amplify Partners, Atlantic Bridge, and Ignition Partners as well as a new unnamed strategic investor. In conjunction with the funding, Doug Fisher, senior vice president of Intel and general manager of its Software and Services Group, will join BlueData’s board of directors.
The company intends to use the funds to continue to scale operations, doubling down on its software development and innovation, along with expanding its engineering, sales, business development and marketing teams.
Led by Kumar Sreekanti, co-founder and CEO, BlueData provides a software platform that uses virtualization technology for enterprises of all sizes to leverage Big Data, enabling Hadoop-as-a-Service in an on-premises deployment model. With the platform, users can spin up virtual Hadoop or Spark clusters within minutes, providing data scientists with on-demand access to the applications, data and infrastructure they need.
It integrates with analytical applications and runs with any shared storage environment.
The company and Intel also announced a strategic technology and business collaboration through which the two organizations will execute on a joint engineering roadmap and joint go-to-market strategies that include coordinated product, channel, and sales programs.
In addition, BlueData will continue to support the latest versions and distributions in the Hadoop and Spark ecosystem, leveraging its partnerships with vendors such as Cloudera, Databricks, Hortonworks and MapR, as well as with application vendors such as AtScale, Datameer, Platfora, Splunk, Tableau and Trifacta.
The company will also extend its support to other Big Data environments over time.
FinSMEs
25/08/2015