The big data platform, which has raised nearly $250m from backers including Yahoo, HP and Teradata, plans to use the proceeds to expand its sales network.
US-based big data processing platform creator Hortonworks filed on Monday for an initial public offering on Nasdaq to raise up to $100m.
Founded in 2011, Hortonworks has raised almost $250m since, including $100m from a series D round in March this year funded by investors including Yahoo, the internet company that is Hortonworks’ largest shareholder, with a 19.6% stake.
Yahoo has been an investor in Hortonworks since the company’s $23m series A round in 2011, subsequently participating in a $25m…
