Pepperdata Closes More Than $15M in Series B Funding
SUNNYVALE, Calif., April 16 – Pepperdata, the leader in Hadoop cluster optimization software, announced today that it has secured more than $15 million in strategic and venture financing to help the company scale to serve enterprises who are relying on Hadoop in production. New investor Wing Venture Capital led the round, joined by existing investors, including Signia Venture Partners and Yahoo Chairman Maynard Webb. New strategic investors Citi Ventures and Silicon Valley Data Capital also invested.
Pepperdata powers some of the world’s largest Hadoop environments across a range of industries, including consumer electronics, media, finance, telecommunications, and energy. Pepperdata’s customers see significantly increased reliability and capacity from their existing Hadoop deployments.
“Pepperdata has emerged as a critical technology in production Hadoop environments at scale,” said Peter Wagner, Founding Partner of Wing, who joins the board of Pepperdata. “As the market matures and enterprises run ever more diverse workloads on Hadoop, this technology is increasingly important to ensure the reliability of big data delivery. With the widespread adoption of Hadoop in the enterprise, Pepperdata has the opportunity to become the systems and performance management leader for this new age of distributed computing.”
Pepperdata will use the funding to expand the global reach and presence of its sales and marketing operations to support the rapid adoption the company is seeing by its Fortune 100 customer base. The company will also accelerate its product innovation to support applications beyond traditional Hadoop.
“Pepperdata’s innovative optimization software brings a unique level of visibility and control to Hadoop, helping enterprise-level companies improve efficiency and reliability,” said Ramneek Gupta, Managing Director at Citi Ventures. “Pepperdata’s software has the potential to increase the utilization of our Big Data platform, advancing the quality and consistency of Citi’s customer service.”
“Our customers include some of the world’s largest Hadoop deployments and consistently see the need for reliable and efficient performance in production,” said Sean Suchter, CEO and co-founder of Pepperdata. “As more companies rely on Hadoop, our technology has become a crucial part of their production infrastructure. This funding allows us to execute on this inflection point in the market.”
The new round of capital brings the total amount of financing raised by Pepperdata to more than $20 million. Also joining this latest investment were Sand Hill East Ventures and existing investors Morado Ventures, Jerry Yang, Vish Makhijani, and Andy Ludwick.