You can be on Entrepreneur’s cover!

Intel Just Poured $740 Million Into Cloudera. But What Is It? Cloudera is getting a lot of investor love, with Intel taking an 18 percent stake in the company. Here's a bit more about what the company does.

By Benjamin Kabin

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Cloudera just raised a whole bunch of money -- $900 million, to be exact.

Intel alone invested $740 million for an 18 percent stake and says it's going to make the Palo Alto, Calif.-based company its main distributor of Hadoop software.

So, what is this company that's getting so much investor love? And what is Hadoop, for that matter?

Related: How 2014 Will Be The Year To Monetize Big Data

Cloudera gives clients a place to store process and analyze Big Data. The company helps its clients use Hadoop to derive value from large quantities of information that cannot easily be handled by traditional data processing systems.

Hadoop is an open-source software developed by Google to make sense of large quantities of different types of complex data. Cloudera and rivals such as Pivotal and HortonWorks use the software as part of their approach to helping clients manage Big Data.

Related: 5 Ways Data Can Help You Stay Ahead of the Game

Intel was promoting its own custom version of Hadoop but will no longer do so as a result of the deal.

Cloudera, now valued at $4.1 billion, is expected to go public later this year.

Related: IBM to Open Up Jeopardy Winner Watson's 'Brain' for Everyone

Benjamin Kabin

Journalist

Benjamin Kabin is a Brooklyn-based technology journalist who specializes in security, startups, venture capital and social media.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Devices

Solo Traveling Entrepreneurs Will Love These Translation Earbuds — $90 Through April 21

The Mymanu CLIK S Translation earbuds have been featured at CES multiple times and won the Red Dot award.

Business News

Nike Responds to Criticism Over U.S. Women's Olympic Uniforms: 'Everything's Showing'

The company is the official outfitter for the U.S. Olympic track and field athletes.

Side Hustle

This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be 'More Attractive' Than an Office Job

Side hustles remain popular for additional income — and have many questioning the 9-5 model altogether.

Business News

The 'Silver Tsunami' Meets 'Golden Handcuffs' as Past Low Mortgage Rates Lock in Homeowners — Whether They Like It or Not

The resulting lower supply of homes, and population growth outpacing construction, has led to a 7.2 million home shortage.

Starting a Business

The Most Successful Entrepreneurs Know How to Say 'No.' Here's the One Exercise You Need to Learn This Skill.

There's a robust correlation between success and having the ability to say "no" to opportunities that don't serve you. Here's how can learn how to master the art of saying "no," too.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.