PE HUB First Read

First Read kicks off your morning with news that HSBC will be shedding about 50,000 jobs in a major overhaul, U.S. tech industry urges President Obama to not impose measures that could undermine encryption and Vincent Bugliosi, who prosecuted Charles Manson and wrote “Helter Skelter” about the case, dies at 80.


DAG Ventures to raise a $300 mln sixth fund

DAG Ventures is raising a $300 million sixth fund, DAG Ventures VI, according to a filing with the Securities and Exchange Commission. The fund appears less ambitious than the firm’s previous fund, which in 2011 targeted $500 million, according to a filing at the time.


peHUB Second Opinion

In Second Opinion, Square now accepts bitcoin for its online marketplace, Ares Management files to go public, Cloudera raises $900 million in financing and enrollment for Obamacare heads to 7 million.

Intel invests in VC-backed Cloudera

Intel Corp has made a “significant” investment in Cloudera. No financial terms were disclosed; however, the investment has made Intel Clouder’s largest strategic stakeholder. Cloudera is a provider of data management solutions. Its backers include Accel Partners, Greylock Partners, Meritech Capital Partners, In-Q-Tel and Ignition Partners.


Big data company Cloudera goes big with $160 mln round

Cloudera has raised a $160 million late-stage round of financing that was led by T. Rowe Price and included Google Ventures and MSD Capital, the private investment arm of Dell CEO Michael Dell. The large funding is a likely run-up to an IPO. Palo Alto, Calif.-based Cloudera said it has now raised $300 million in total funding since it was founded in 2008. Its last funding was a $65 million late-stage round in December 2012, which valued the company at more than $700 million, according to Thomson Reuters (publisher of peHUB).


Google Ventures leads funding of cybersecurity startup ThreatStream

ThreatStream, which provides a cloud-based platform to examine cybersecurity threats, announced it has raised a $4 million Series A round of funding. Google Ventures led the round, with participation from Paladin Capital Group and individual investors Tom Reilly, former CEO of ArcSight and current CEO of Cloudera, and Hugh Njemanze, former CTO and founder of ArcSight. Reilly, Njemanze and Google Ventures General Partner Karim Faris are on the board of ThreatStream.

Cloudera Raises $65M From Accel, Greylock, Ignition, Meritech, In-Q-Tel

Cloudera said it raised $65 million in a deal led by Accel Partners and supported by Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners. The investment will fund global expansion, and the company announced it will establish a European headquarters in the United Kingdom in the first quarter of next year.

Accel Carves Out Big Dollars for Big Data

Accel Partners has upped its bet on Big Data, announcing this morning that it has dedicated $100 million from its various funds to invest in startups focused on Big Data problems. “What we’re seeing here is a real opportunity to build companies up and down the data stack,” says Ping Li (pictured), one of several […]

Ignition Leads $40M Series D in Cloudera

Cloudera Inc., a Palo Alto, Calif.-based company that provides Apache Hadoop-based data management software and services, has raised a $40 million Series D round of funding. Ignition Partners led the round, which also included Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel. Cloudera has now raised $76 million in total funding, having most recently […]

Cloudera Raises $25 Million Series C

Cloudera, a Palo Alto, Calif.-based start-up that provides Apache Hadoop-based data software and services, has raised $25 million in a third round of financing. Palo Alto, Calif.-based Meritech Capital Partners led the Series C round, which included participation from existing investors Accel Partners and Greylock Partners. Cloudera has now raised a total of $36 million.

VCJ 20 Most Promising Startups – The Full List

Due to popular demand, we’re making the full list of winners of the VCJ 20 Most Promising Startups available. See my original post for the genesis of the project and how we chose the winners.

Venture Capital Journal subscribers can read in-depth profiles of all the winners here.

Not a subscriber? Go here for subscription and reprint information.

And now—drum roll, please—here are the top 20 most promising startups that raised seed or venture funding in 2009, as chosen by the writers and editors of Venture Capital Journal. (Full list after the jump)

Cloudera Tops VCJ’s Inaugural List of 20 Most Promising Startups

As journalists, we’re constantly second-guessing investments made by VCs. With that in mind, the writers and editors of Venture Capital Journal decided to find out if we’re are really as smart as we think are, or are as dumb as rocks when it comes to picking good deals.

The result is the VCJ 20, which lists the 20 most promising startups that received seed or Series A financing in 2009.

The goal of this project was to create a list of truly promising companies, no matter who founded them or who their backers were. VCJ focused on five factors when rating each company: potential market size, quality of the team, technology edge, business model, and exit potential.

I’m proud to announce that the company at the top of VCJ’s list is Cloudera, which offers consulting services and is building tools around Hadoop software and is backed by Accel Partners and Greylock Partners.

Cloudera Adds $6 Million

Cloudera, a Burlingame, Calif.-based provider of services and support for open-source software Hadoop, has raised $6 million in Series B funding. Greylock Partners led the round, and was joined by return backer Accel Partners. Cloudera previously raised $5 million.

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