Founded in 2008 by Silicon Valley veterans, Cloudera came from an early generation of companies who sought to sift through huge stores of corporate information, long before the current AI systems that can read that data and write about it in human-like ways.
Charles Sansbury, who became Cloudera's CEO in August, said the company has completed a re-working of its core systems and now has more than $1 billion in annual revenue and operating profits"in the hundreds of millions of dollars". Cloudera also competes with DataBricks, a privately held startup that was valued at $43 billion in September.
Sansbury told Reuters that Cloudera is helping customers in tightly regulated industries like finance prepare their data to do their own AI work.
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