Cloudera, the enterprise big data company that’s received significant backing from Intel, has unveiled its much-anticipated IPO filing.
In the S-1, we get a glance at their financials. Revenue is growing, bringing in $261 for the fiscal year ending in January and $166 million for the same period last year.
Losses were $186.32 million, down from $203 million year-over-year. We “expect to continue to incur net losses for the foreseeable future,” said the “risk factors” section of the filing.
Cloudera acknowledges that it faces a range of competition. HP, IBM, Oracle, Amazon Web Services and Hortonworks are amongst the competitors listed.
Intel invested $740 million into Cloudera at a $4.1 billion valuation in 2014, but Intel’s partnership with the company is more than financial. The filing reveals that Intel and Cloudera share a joint product roadmap that focuses on improving speed and security for processing massive datasets. “Among many tangible examples of joint development, Intel and Cloudera collaborated on optimized data encryption speed through use of arithmetic acceleration built into the Intel Architecture. Intel and Cloudera also collaborated to develop Spot (incubating project), an open source cybersecurity analytics platform built on open data models that provides…