Cloudera raises $160 million to fuel growth in big data

Hadoop vendor Cloudera has raised a $160 million round of venture capital, the company announced on Tuesday, led by T. Rowe Price, along with three other public market investors, Google Ventures and an affiliate of MSD Capital, L.P., Michael Dell’s private investment firm. Cloudera has now raised $300 million in venture capital as it marches toward an apparent IPO.

The news confirms part of a Bloomberg report from Monday evening that had Cloudera raising another big round, although the numbers and the players are much different. Bloomberg reported Cloudera was raising “at least $200 million” and that Intel was leading the round. Writing about that report on Tuesday morning, I noted that Cloudera might very well need a large chunk of investment to fuel its growth, but that Intel — a competitor in the Hadoop space — would make a strange investor unless that deal also came along with a technology partnership.

Cloudera CEO Tom Reilly (pictured above) will be speaking at our Structure Data event on Thursday in New York, where he will discuss Cloudera’s future and, in essence, where all that new money will go.