HP 50 million dollar strategic investment large data platform Hortonworks

Beijing Time July 25 news, according to Science and technology blog Recode reported that HP is about to announce the Big Data platform Hortonworks strategic investment of 50 million U.S. dollars. Hortonworks is a Hadoop start-up that was spun out of Yahoo in 2011.

As part of the deal, HP executive vice president and chief Technology Officer Martin Frink (Martin Fink) will join the Hortonworks board. Hortonworks has previously received investments from private-equity firm Blackstone and Passport Capital.

With Hewlett-Packard joining, the Hortonworks will grow to $150 million trillion, with total financing growing to $248 million trillion. In March of this year, when Blackstone and others announced investments in Hortonworks, the latter was valued at more than $1 billion trillion, and it was considered a step in the Hortonworks's IPO in 2015.

Rob Bearden, Hortonworks's CEO, said at the time that the financing could have been bigger, but they didn't. Hortonworks's previous investors also included Tenaya Capita, Index Ventures, Benchmark and Dragoneer group and other VCs, as well as Yahoo.

The investment by Hewlett-Packard has increased the amount of money that Hadoop has raised to nearly 1.2 billion dollars this year. In addition to Hewlett-Packard, Intel led the 900 million dollar investment in Cloudera this March, while MAPR raised 110 million dollars from investors like Google Capital last month. (Compiling/Xiao Yu)

(Responsible editor: Mengyishan)