VCs Bet Big Bucks on Hadoop

VCs Bet Big Bucks on Hadoop
March 27, 2013 – Deborah Gage
http://blogs.wsj.com/venturecapital/2013/03/27/vcs-bet-big-bucks-on-hadoop/

“A couple of companies that make it easier for developers to write applications that run on Hadoop have also been funded recently. Concurrent this month raised $4 million and hired a new CEO, Gary Nakamura, while Continuuity so far has raised about $12.5 million.

Some of Continuuity’s founders were introduced by Concurrent’s founder, Chris Wensel , and the two companies are likely to become partners, according to Continuuity co-founder and CEO Todd Papaioannou.”