Feeds

Hadoop whisperer Concurrent slurps VC money

'In crisis there is opportunity'

Security and trust: The backbone of doing business over the internet

Hadoop whisperer Concurrent has trousered $4m of VC money so the data analysis platform company can hire more people, extend its open source efforts and generally stay in business.

The $4 million in funding from VC firms True Ventures and Rembrandt Venture Partners was announced on Wednesday. It also sees the company take on a new CEO in the form of Gary Nakamura to allow the company's founder, Chris Wensel, to concentrate fully on the technical side.

Concurrent develops Cascading – a Java application wrapper for the Hadoop analytics system. The company has tried to make money by offering consultancy services to heavy users of the potent open source software, but that strategy appears to have failed.

"In crisis there is opportunity," Wensel told us via email. "By not having the capital and talent to boost our vision, we risk losing all we have done and will never reach the places we can see."

"Since I care about following through with my word to my early adopters that I would see Cascading through and not abandon it, I need to build a sustainable business around Cascading."

The $4m will go on hiring "a dozen or so" people with a particular emphasis on developers.

Every month, around 75,000 copies of Cascading are downloaded and the company believes the system is being run in production across "thousands" of businesses, Wensel said. The technology is in use at places like Twitter, eBay, and The Climate Corporation.

The company plans to use the money to fund further development of the Cascading platform, and to also develop a commercial project later in the year as well, Wensel said. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.