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Hortonworks Hauls $50 Million New Venture Capital

Wednesday, June 26, 2013 5:54:00 AM PDT | VentureDeal

   Palo Alto, California  --  Software developer Hortonworks has raised $50 million in an expansion round of venture capital investment.

Hortonworks creates technology solutions that provide development, support and training for the Apache Hadoop software ecosystem.

Venture capital firms investing in the round included Dragoneer Investment Group, Tenaya Capital, Benchmark Capital and Index Ventures.

Corporate investor Yahoo! also participated in the round.

The company said it would use the funding to scale its field operations as well as continue investing in its engineering organization.

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