Feeds

Hadoop whisperer Concurrent slurps VC money

'In crisis there is opportunity'

Build a business case: developing custom apps

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. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?