Feeds

Hadoop whisperer Concurrent slurps VC money

'In crisis there is opportunity'

Secure remote control for conventional and virtual desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.