BlueData secures United States dollars 20 mln in funding, partners with Intel

Kumar Sreekanti, co-founder and CEO of BlueData, said: “This strategic collaboration with Intel will help advance BlueData’s mission of making it easy to deploy big data infrastructure”. BlueData said it would use the funding to develop and optimise its software for Intel architecture.

“There’s a very nice synergy between BlueData and the Intel big data teams as well as the Intel infrastructure teams that have been doing a lot of work around optimizing their hardware platform for big data”, said Jason Schroedl, vice president of marketing at BlueData.

“We are focused on bringing big data into the mainstream and unlocking the value for our enterprise customers”, Intel CEO Brian Krzanich said in a statement.

On the heals of leading a $100 million investment in OpenStack provider Mirantis – announced yesterday – Intel has launched another broad strategic technology business collaboration. “Their software takes the heavy lifting out of deploying the applications, data, and infrastructure to run Hadoop, Spark, and other Big Data frameworks”. The main aim is to augment the adoption of big data solutions by simplifying deployment.

Big Data is moving beyond early adopters and the market is expected to hit $41.5 billion by 2018, according to research from marketing firm IDC. As part of the Intel Capital investment, Doug Fisher, general manager of the chip maker’s software unit, will join BlueData’s board. He also mentioned that as part of this new collaboration the product team at BlueData will be working together closely with Intel in areas including Hadoop and Spark. “Big data platforms are starting to be used in more places by more companies”. This is Intel Capital’s third investment in BlueData since 2012. “This funding will provide us with the means to continue to accelerate that innovation and change the Big Data industry in a revolutionary and disruptive way”. With BlueData, organizations can spin up virtual Hadoop or Spark clusters within minutes, providing data scientists with on-demand access to the applications, data and infrastructure. This new round was led by Intel Capital, along with participation from Amplify Partners, Atlantic Bridge, and Ignition Partners. In that timeframe, 213 portfolio companies have gone public on various exchanges around the world and 373 were acquired or participated in a merger. To help make this vision a reality BlueData has raised $20 million in an oversubscribed Series C round of funding.