Intel Participates In $ 900 Mn. Funding For Cloudera, Betting Big On The Cloud Tech?

(Before It's News)

Cloud based Software Group Cloudera has raised US$ 900 Million in funding round, led by Intel Corporation.

The company offers Big Data Services to large corporates and is looking to expand its services and client base.

Considering the quantum of investment, it is quite clear that Intel strongly feels Cloud based services are sure to be the next big thing. The chip maker’s investment in the total fund is the highest and the company now reportedly owns 18% stake in the company. In fact, the company itself confirmed that this funding is its highest till date in data center technology. The company is trying to ensure it is “making it easier for companies of all sizes to obtain increased business value from data.”

Intel’s interest in Cloud Technologies has a very strong motivator. The chip maker is exploring avenues other than traditional PCs. It is common knowledge now that the PC market is in a slump. But portable internet enabled devices like smartphones and tablets are selling briskly.

Intel is quite interested in tapping this market and has accordingly started to develop chips too. Moreover, there is one another market that Intel is keenly observing and that is internet connected electronics or more commonly referred to as ‘Internet of Things’. The company wants to explore the market and needs a strong ally in the cloud based services segment that will allow the devices to pull data and use applications hosted remotely.

Speaking about the investment, Tom Reilly, Chief Executive Officer, Cloudera, said, “Cloudera will be the company to lead this global shift in extracting value from data”. It appears Intel is now trying its luck in this segment with Cloudera. What do you think?

Source | zeenews

Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency

• Dinosaurs Worked for Humans Up to 18,000 Years Ago.
• Brits Embracing Mobile Financial Transactions
• Carnival of Space 347
• It’s official: Psychologists DO know what you are thinking
• Taiwan has hundreds of thousands protesting China trade pact
• ISPs Cannot Ensure Children Below 13 Are Barred From Social Sites
• DGS finds sutures in Trioceros (Jackson’s chameleon) skull
• New Painten “Pro-Pterodactyloid”
• The SciDev.Net blog is moving
• Genocide, community and NGOs