Concurrent Finalizes $4M In Series A Funding; Announces New CEO Gary Nakamura

Today, Concurrent Inc. announced the finalization of $4 million in Series A funding led by True Ventures and Rembrandt Venture Partners. The investment is intended to accelerate product development and expand the core team as part of the company’s larger project of simplifying application development within the Hadoop space. In conjunction with news of the funding, Concurrent also announced the appointment of Gary Nakamura as CEO. Nakamura comes to Concurrent with an illustrious tenure at Terracotta as Senior Vice President and General Manager and VP of World Wide Sales & Field Operations. Chris Wensel, Concurrent’s Founder and former CEO, will assume the role of CTO. Concurrent’s $4 million in Series A funding builds upon an initial seed investment of $900,000 in August 2011 that was similarly financed by True Ventures and Rembrandt Venture Partners. The Series A funding points to the success of Concurrent’s Cascading 2.1 platform for simplifying application development and management on Hadoop clusters.

Cascading delivers a framework that empowers developers to use Java languages to develop applications that operate on Hadoop instead of MapReduce. Used by the likes of Twitter, eBay and The Climate Corporation, Cascading joins forces with Concurrent’s platform Lingual, which provides a SQL interface for operating on Hadoop, in a concerted initiative to democratize developer access to Hadoop. In an interview with Cloud Computing Today, CEO Gary Nakamura noted that Concurrent intends to build on its initial momentum by delivering platforms that simplify and streamline application development on Hadoop as opposed to opting for the strategy of releasing a Hadoop distribution in the vein of Intel, EMC and others.

Concurrent already boasts partnerships with the likes of Amazon Web Services and Microsoft Azure for managing application development and management within Hadoop infrastructures. Its Cascading framework is compatible with all Apache Hadoop distributions and claims more than 75,000 downloads per month. Given Concurrent’s notable acccomplishments with modest funding to date, the company is likely to expand its footprint in the space dedicated to simplifying Hadoop application development as a result of its new funding and CEO Gary Nakamura’s deep experience with enterprise software. As Hadoop distributions proliferate, expect to see the demand for simplified Hadoop development and management products skyrocket within the enterprise. Enterprise concerns about data security and consistency of application lifecycle management are additionally likely to fuel the demand for Hadoop management platforms, particularly given the increasing convergence between Big Data and cloud-based infrastructures.


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