MapR Technologies, which provides an enterprise Hadoop distribution used for marketing, operations and security, said it raised $110 million in financing led by Google Capital, Qualcomm and existing adventures. The company said the round also includes $30 million in debt led by Silicon Valley Bank. MapR’s tools are used for big data and analytics, but the space is crowded with the likes of Cloudera and Hortonworks. Meanwhile, Cloudera’s distribution of Hadoop is increasingly being included in hardware appliances from Dell and others. In addition, well-funded enterprise giants such as IBM and EMC’s Pivotal are playing in the Hadoop and big data space.
There’s been another big round of funding for a player in the steadily growing world of Hadoop, the open-source big data technology. MapR announced this morning that it had raised $110 million in combined equity and debt financing. The $80 million equity-bearing portion of the round was led by Google Capital, the search giant’s growth equity fund, with participation from Qualcomm Ventures, the investment arm of the wireless chip company. Prior investors Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures also participated. In addition to the growth capital funding, MapR also raised a $30 million debt facility led by Silicon Valley Bank. The deals bring MapR’s total resources raised to date to a combined $174 million. Its most recent round was a $30 million Series C led by Mayfield announced about 15 months ago. MapR is one of three companies that has made a name for itself on building a business around Hadoop, the open-source technology that is intended to help companies get their arms around the big data and analytics questions that are said to hold the promise of new intelligence that will help make more money or reduce costs. MapR, which competes with both Cloudera and Hortonworks, prides itself on having built an industrial-grade version of Hadoop tuned for high availability and data protection.
