MapR Closes $110 Million Financing Led by Google Capital
Google provided the inspiration for the founding of the Hadoop project through its seminal 2004 white paper on MapReduce, the software framework at the heart of Hadoop. Fast forward 10 years, and it’s almost fitting for MapR to announce that Google Capital, the investment arm of Google, leads our latest round of $110 Million. Also participating was Qualcomm Ventures and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.
This latest financing will be used by MapR for continued growth and to increase worldwide go-to-market programs to accelerate the deployment of MapR in mission-critical, real-time, and operational use cases. The investment will also fund additional engineering resources to further its technology advantage and support open source projects, such as Apache Drill, Hadoop 2.2 with YARN, and Apache Spark.
Focus on Innovation
The Google name is synonymous with big data innovations. The investment from Google Capital further validates the architecture and strength of MapR.
MapR is the only distribution for Hadoop that provides the benefits of open source with community innovation, portability and flexibility; with unique architectural enhancements to provide you with true enterprise-grade features for dependability, security, and world-record performance, on one unified data platform.
Only the MapR Distribution for Hadoop provides the underlying architectural innovations to deliver a production-ready solution that supports your business critical initiatives and minimizes risk, reduces costs, and drives revenue growth.
Focus on Customer Production Success
Both Google Capital and Qualcomm Ventures chose to invest in MapR because we provide the leading technology for enterprise Hadoop deployments.
Our measure of success is our customers’ success which is a strong testament to our proven value and innovation.
Focus on Growth
To meet the demands of the growing customer base and add value to the products and services we provide to our customers, MapR will continue to accelerate growth with investments in go-to-market, engineering, and general administrative areas.
Recently, MapR announced record growth, with bookings in the first quarter of Q1 that tripled over the prior year. In addition to record bookings, important milestones include:
- At least one company each in seven industries has purchased over a million dollars of MapR product
- One enterprise customer generated more than one billion dollars of incremental revenue from the use of MapR technology
- MapR has surpassed 500 paying customers
With continued focus on growth, innovation, and our customers’ success, MapR is poised to expand its leadership in the Hadoop and big data market.