Intel Corporation’s (NASDAQ:INTC) previously announced equity investment in Cloudera, an enterprise analytic data management powered by Apache Hadoop is worth $740 million, which represents an 18% stake. The chipmaker is the largest strategic investor of Cloudera.

The investment of the chip maker gives the Cloudera a valuation of approximately $4.1 billion. The enterprise analytic data management company is planning for an initial public offering (IPO) later this year.

Aside from Intel Corporation (NASDAQ:INTC), other top tier institutional investors including T. Rowe Price, Google Ventures, the investment arm of Google Inc (NASDAQ:GOOG), and an affiliate of MSD Capital, the private equity firm of Michael Dell and his family provided $160 million financing for Cloudera earlier this month. Overall, Cloudera received $900 financing.

In a statement, Cloudera CEo Tom Reilly said, “The market opportunity for companies to gain insight and build transformative applications based on Hadoop is tremendous. Clearly, demand is accelerating and the market is poised for growth – for all of the players in this space, and we believe Cloudera will be the company to lead this global shift in extracting value from data.

He added that the strong support of the public market investors and large institutional investors as well as a key strategic investor such as Intel Corporation (NASDAQ:INTC) demonstrates Cloudera’s strength and leadership and will “cement is platform offering.”

Intel Corporation (NASDAQ:INTC) said its investment in Cloudera is its single largest data center technology investment in its history. The chip maker agreed to combine its data center architecture based on Intel Xeon technology with Cloudera’s enterprise analytic data management software powered by Apache Hadoop.

Diane Bryant, senior vice president and general manager of Data Center Group at Intel Corporation (NASDAQ:INTC) emphasized that the chip maker’s investment and partnership with Cloudera spans its data center technology from computer to network, security and storage, and extends to our initiatives for the Internet of Things, which refers to the growing connectivity of everyday devices from smatphones to cars.

Cloudera said it will use the funding to support its collaboration agreement with Intel Corporation (NASDAQ:INTC), to accelerate the enterprise adoption of and innovation in Hadoop, promote the enterprise data hub (EDH) market, and support its geographic expansion.