Hortonworks Captures $50 Million In Venture Funding
There's been a lot of venture capital handed out to big data startups this year -- closing in on $500 million, as a matter of fact.
But Hortonworks got everyone's attention this week when the Hadoop platform developer said it had raised $50 million in financing. That brought its total financing to $120 million, a war chest that puts the company in a stronger position in the highly competitive big data software arena.
Hortonworks will use the money to grow its global field operations and further invest in its engineering organization. New investors Tenaya Capital and Dragoneer Investment Group led the round with participation from existing investors Benchmark Capital, Index Ventures and Yahoo.