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Latest Stories and News
- Crunchbase News
- 4 weeks ago
- Instabug, which provides mobile developers with real-time contextual insights throughout the mobile app lifecycle, has raised $5 million in a Series A led by Accel.
- With the funding, Instabug has raised a total of about $8 million in funding since its 2014 inception. The startup participated in Y Combinator’s winter batch in 2016, raising $120,000 at that time.
- Some angel investors also participated in the round, including Amr Awadallah, co-founder of Cloudera, and Jim Payne, founder and CEO of MoPub, which was acquired by Twitter for $350 million in 2013.
- Instabug aims to solve a big problem for mobile developers, and that’s to help them more quickly identify and fix bugs within apps.
- 4 months ago
Big-data software company Cloudera Inc. has named former Hortonworks Inc. boss Rob Bearden as its new president and chief executive officer, replacing its previous CEO Tom Reilly, who stepped down from the company in July.
Bearden is a seemingly safe option for Cloudera, since he was previously the CEO of rival big-data firm Hortonworks, which merged with Cloudera last year in a stock swap deal that valued the combined companies at $5.2 billion.
Cloudera and Hortonworks joined forces in 2019 after spending years battling each other to commercialize the open-source Apache Hadoop big data software, which is used by companies to store and process lots of different kinds of business information. But neither of them was able to translate the popularity of Hadoop into profits, and faced with a growing challenge from better-funded cloud rivals such as Amazon Web Services Inc., the companies ultimately decided an alliance was the way forward.