Cloudera Doubles Valuation & Pricing

VC Experts

3 minutes to read

Cloudera, an enterprise data management company, announced the closing of their $900M financing round. The Series F round began in March of this year with an investment of $160M at a price of $14.56/share from Google Ventures, T. Rowe Price Associates, and MSD Capital. VC Experts uncovered the Amended and Restated Certificate of Incorporation filed on May 22, 2014 that evidences $370M worth of Series F-1 shares at $30.92/share, double the price per share of Series F. This brings the Company's valuation from $1.8B in March to $4.2B as of the May filing. The Series F-1 holders were entitled to elect one (1) director of the corporation which correlates to the designation of Kim Stevenson of Intel to Cloudera's Board.


Cloudera, Inc.
Cloudera pioneered the business case for Hadoop with CDH, an open source distribution of Apache Hadoop in both commercial and non-commercial environments. The company is redefining data management with its Platform for Big Data, Cloudera Enterprise, empowering enterprises to Ask Bigger Questions and gain rich, actionable insights from all their data, to quickly and easily derive real business value that translates into competitive advantage. Cloudera also offers comprehensive consulting services. Over 600 partners across hardware, software and services have teamed with Cloudera to help meet organizations' big data goals. Cloudera is the category leader that has set the standard for Hadoop in the enterprise.
• Address: 1001 Page Mill Road Bldg 2, Palo Alto, CA 94306
• Geographic Region: Silicon Valley
• Industry: Software
• SIC Codes: 7372 - Prepackaged Software (reproduction of software)
• NAICS Codes: 511210 - Software Publishers
• Legal Counsel: Perkins Coie LLP
• Company Website: http://www.cloudera.com
Key Management
• Reilly, Tom - CEO, Director
• Frankola, Jim - CFO
• Hammerbacher, Jeffrey - Chief Scientist
• Olson, Michael - Chief Strategy Officer, Chairman
• Dunn, Kirk - COO
• Awadallah, Amr - CTO
• Dietzen, Scott - Director (Pure Storage)
• Bhusri, Aneel - Director (Greylock Partners LLC, Workday)
• Williams, Dick - Director (Webroot)
• Li, Ping - Director (Accel Partners & Co)
• Stevenson, Kim - Director (Intel)

Investors
• Undisclosed Firm
• Meritech Capital Partners
• T. Rowe Price Associates, Inc.
• Google Ventures
• MSD Capital LP
• In-Q-Tel, Inc.
• Ignition Partners
• Accel Partners & Co Inc
• Greylock Partners LLC
• Intel


Most Recent Financing Round

Date Amount ($M) Valuation Est. Fully Diluted Shares Preferred Price Per Share
05/22/2014 $370*
 *based on authorized shares of Series F-1
$4.2B

138M

$30.92
Round: Series F-1
Direction: Up Round

Liquidation Preference: Pari Passu
Liquidation Multiple: 0-1x
Stock Type: Conventional Convertible
Anti-Dilution: Weighted Average
Redemption: No
Cumulative Dividends: No
Dividend Rate: 8%
Pay to Play: No

Price Per Share With Valuation


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