The big data funding spree is ramping up in 2014 and Hadoop and NoSQL, are leading the way.
While both are seeing investments pile in, three pure Hadoop vendors – Cloudera, Hortonworks and MapR Technologies – have roped in more than twice as much capital as all NoSQL vendors, according to CB Insights data. Whether more commercial promise or hype, it’s clear that investors have been more enticed by the promise of Hadoop, at least, so far.
The data below.
Cloudera’s $900M Series F round from Intel Capital, Google Ventures, T. Rowe Price and MSD Capital was a landmark moment for the Hadoop ecosystem. But it wasn’t the only nine-digit round to a Hadoop vendor in 2014 YTD. In late June, MapR Technologies raised $110M in Series D funding, $80M of which came in equity from investors including Google Capital, Qualcomm Ventures, Lightspeed Venture Partners and NEA. In March, Hortonworks raised a $100M round led by Passport Capital and Blackrock. Blackrock is one of many non-traditional investors jumping into tech recently (see the rise of mutual funds in tech VC)
As the data below indicates, the three vendors have raised $1.11B in debt and equity in 2014 alone, spiking the overall investment dollars which stood at just over $300M prior to the three mega-rounds. Of course, funding to the ecosystem has gone beyond these three vendors to include analytics providers, Hadoop app development platforms & more.
NoSQL databases have also seen some notable investments as of late. On June 24, NoSQL database Aerospike raised $20M in Series C financing led by NEA. Just two days later, Couchbase announced a $60M Series E deal from investors including WestSummit Capital and Accel Growth Fund. As the data shows, NoSQL has picked up financing steam since late 2013 – in large part thanks to MongoDB‘s $150M Series F in October 2013.
In aggregate, the aforementioned three Hadoop vendors have raised 127% more funding than NoSQL databases have raised, but both markets appear to be breeding capable IPO Pipeline candidates. As the market for big data technologies continues to evolve and grow, we will continue to monitor the data to see if NoSQL or Hadoop are gaining or losing steam.
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