April 28, 2014 Comments Off on The price of disruption
The price of disruption
Last week, TPG, Dragoneer Investment Group, Sequoia Capital and T. Rowe Price Group Inc. invested more than $450 million in home-rental company Airbnb. The round values Airbnb at around $10 billion, making it one of the most valuable startups in the world.
Airbnb is currently facing off with New York Attorney General Eric Schneiderman who claims the service is illegally subletting and creating pseudo-hotels. Airbnb, which has 300,000 listings in more than 190 countries, including 30,000 in New York, said that it aims to start collecting taxes from renters on behalf of hosts in New York, San Francisco and other major cities to follow city regulations.
Although major hoteliers may play down the threat of Airbnb, the fact remains that the startup has begun taking share from their industry. And with $776.40 million in total funding, Airbnb has the ammunition to battle with the powers that be and further disrupt the multibillion-dollar hospitality industry.
April 7, 2014 Comments Off on The war on big data begins
The war on big data begins
Make no mistake about it, the war on big data is officially on. Last week, Cloudera, a Hadoop company from Palo Alto, California, has raised $900m in its recent venture capital fundraising round. A whopping $740m came from Intel, while $160m came from T. Rowe Price and Google Ventures. In conjunction with the funding, Intel has now become Cloudera’s largest strategic shareholder, with an 18% stake in the company.
While $900m is a huge amount of money, the bigger news is the new partnership between Cloudera and Intel. It is interesting to note that Intel used to have its own Hadoop distribution but recently discontinued it in favour of Cloudera. According to Brian Krzanich, Intel CEO, the goal is to “build a world-class, enterprise-ready platform that everyone can build their big data solutions from.”
Together, Cloudera and Intel are a formidable partnership, with Intel leveraging Cloudera’s sophisticated Hadoop distribution, and Cloudera benefiting from Intel’s technological resources and strong sales presence in India and China. With Intel by its side, Cloudera can now compete head-on with other players such as, IBM, Oracle, SAS and Teradata, all of which have ambitions to dominate the big data sector.
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