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Intel invested $740 million to buy 18 percent of Cloudera

31
Mar
2014

By Noel Randewich SAN FRANCISCO (Reuters) – Intel Corps investment in Cloudera announced last week amounts to $740 million and gives the chipmaker an 18 percent stake in the distributor of software for crunching Big Data, Cloudera said in a press release on Monday. In the release, Cloudera announced the completion of a $900 million round of funding, which it said includes Intels previously undisclosed stake and another $160 million that was announced earlier in March from T Rowe Price, Google Ventures and others. Intel said last Thursday it had made a significant investment in Cloudera and that it would make the fast-growing startup its preferred distributor of Hadoop data management software. As part of the deal, Intel will transition away from its own customized version of Hadoop that it had been promoting as optimal for Intel server chips.

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