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Cloudera – co-founded by UW CSE alum Christophe Bisciglia along with Jeff Hammerbacher and Amr Awadallah, and with Mike Olson as CEO – has closed a massive round of funding at a valuation of $700 million!

“The biggest and best known company in the Hadoop world is Cloudera. Started in 2008 by a trio of engineers from Facebook, Google and Yahoo … it has in four years gone from the start-up that few really understood to the company you have to talk to if you want to stand a chance wrestling your data challenges to the ground.”

Read more in All Things D here.