Feeds

Hadoop whisperer Concurrent slurps VC money

'In crisis there is opportunity'

Top 5 reasons to deploy VMware with Tegile

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.