Hadoop vendor Hortonworks has raised $100 million in a new round of venture capital led by BlackRock and Passport Capital. The company’s existing investors — Dragoneer, Tenaya Capital, Benchmark, Index Ventures and Yahoo — also participated in the latest round. Hortonworks CEO Rob Bearden said in an interview that the new funding will help Hortonworks scale its engineering efforts, grow the company’s ecosystem and scale its global operations.
Hadoop vendors need to raise a lot of money because they’re in a capital-intensive market. Bearden said Hortonworks invests a lot of resources developing new features and open source technologies that can handle much more volume than previous data-management platforms, as well as working with partners to create tight integrations and reference architectures. After that, it needs to turn everything into a consumable product and work deeply with customers to get it deployed.
“It’s a huge commitment from an engineering perspective to build an enterprise data platform,” he noted.