More Money For Big Data And The Cloud: OpenView Raises New $200M Fund

There has been a bit of a landrush of late on enterprise companies focused on big data and how best to harness that in the cloud, and today sees the launch of a new fund that will fuel the growth of even more companies working in that space. OpenView Venture Partners is today announcing its third fund of $200 million, aimed at operational support for enterprises, including in areas like big-data management in the cloud, which accounts for 75 percent of OpenView's investments to-date. OpenView says the fund was originally intended to be around $150 million but got oversubscribed -- a testament not only to how much investment money is swirling around at the moment, but also the focus specifically on the field of enterprise services that OpenView has been championing up to now.

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