Today we announced our $20M Series B funding round led by Redpoint Ventures along with our existing investors Lightspeed Venture Partners and NEA. This announcement culminates an exciting four months of activity for MapR. It started in May, with our announcement about our strategic relationship with EMC (MapR will be the basis of the Greenplum Hadoop Distribution Enterprise Edition), and at the end of June we launched the GA version of our M3 and M5 editions of the MapR distribution for Apache Hadoop.
The recognition that this announcement has generated has been great. The Wall Street Journal quoted Satish Dharmaraj, a general partner at Redpoint, as referring to MapR as “the first version of Hadoop for the enterprise.” Derrick Harris expressed in his GigaOm article that MapR has garnered so much praise because our Hadoop distribution aims to solve many of the performance problems that bog down Hadoop.
But what does this mean to our customers and partners? Two words – accelerated innovation. I’m proud of the work our engineering team has produced – such as full HA support, native NFS access, snapshots, mirroring, and a full random read/write storage layer — and combined with the best of the open source community. This funding round allows us to double down on our engineering efforts to extend our technology lead and to best leverage the exciting developments with MapReduce 2.0. Stay tuned.