Deals
Intel’s $740 Million Stake Puts Cloudera at $4.1 Billion
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Intel Corp. said it invested $740 million in Cloudera Inc., in a funding round that values the closely held big data startup at $4.1 billion.
Mark Miller, a spokesman at Intel, said the chipmaker’s investment is part of a $900 million total financing round in Palo Alto, California-based Cloudera, which makes open source database software. Intel now owns an 18 percent stake in the startup, Miller said.