BlueData raises $20M, aims to expand Big Data footprint
Big Data Company, #BlueData that designs and develops software for deployment of big data systems and applications for companies, claims to have raised $20 million in Series C funding. The investment round was led by Intel Capital along with participation from existing investors including Amplify Partners, Atlantic Bridge, and Ignition Partners. The company has also hinted at the involvement of an undisclosed, new key investor. The fresh flow of funds will be used to scale and bolster the company’s footprint in the Big Data world. The firm also plans to bolster its software development and innovation, along with expanding its engineering, sales, business development and marketing teams. As a part of the deal, Doug Fisher, Senior Vice President and General Manager, Software and Services Group, Intel will join the board of directors at BlueData. This marks the third Intel Capital investment in BlueData since 2012. “The value of Big Data is huge, and the interest among enterprises continues to grow. BlueData’s software platform complements Intel’s initiatives in #Apache #Hadoop and Apache #Spark, as well as our technology advancements in data center virtualization and container technology on Intel architecture,” said Fisher. While, BlueData offers Big-Data-as-a-Service (BDaaS) to install Hadoop and Spark infrastructure on-premises or in the public cloud, its virtualization software, BlueData EPIC (Elastic Private Instant Clusters) claims to help companies with Hadoop and Spark adoption with data and analytical tools in virtual environments. Reportedly, it also delivers Hadoop-as-a-Service in an on-premises deployment model, with the enterprise-grade security and governance that IT teams require.