MapR Technologies Closes $30 Million in Series C

MapR Technologies, Inc., in Hadoop technology, has closed a new round of funding, securing $30 million in series C financing.

New investor Mayfield Fund led the funding round, which also includes participation from existing investors Lightspeed Venture Partners, NEA and Redpoint Ventures bringing total funds raised to $59 million.

"By delivering on the promise of Hadoop, MapR has propelled big business to embrace big data," said Navin Chaddha, MD, Mayfield Fund. "We are honored to partner with the world-class MapR team, which has built a proven technology platform that is being embraced by customers and partners. With the large market opportunity for big data, estimated by analysts to reach $5 billion by 2016, we believe that MapR is in a great position to emerge as the big data platform of choice for enterprises."

"Organizations across industries have experimented and tested various use cases on Hadoop. Now we are entering a new phase where the focus is on production deployments which calls for the broad support of applications that MapR uniquely provides," said John Schroeder, CEO and co-founder, MapR Technologies. "We’re excited to have Mayfield join our team of top-tier investors. We’ll leverage their deep expertise in big data to continue to accelerate our hyper-growth business."

The new financing will be used for worldwide expansion and continued segment-leading investment in R&D.

MapR will be expanding in AsiaPac to serve the company’s growing customer base in the region. Late last year, it launched its European operations with offices in London and Munich to meet the needs of its growing customer and partner community across Europe.

Today, the MapR big data platform is being used in production deployments across financial services, government, healthcare, manufacturing, retail and Web 2.0 companies to drive significant business results and includes the analysis of hundreds of billions of objects a day; 90% of the Internet population monthly; and over a trillion dollars of retail transactions annually.

MapR will continue to invest in the R&D of the MapR enterprise-grade distribution for Hadoop that offers IT organizations a Hadoop platform with full data protection, no single points of failure, improved performance and ease of use. MapR’s latest technology accomplishments include the unveiling of MapR M7, providing capabilities for Apache HBase to enhance big data operations and real-time database functions performed with enterprise reliability and protection.

MapR continues to participate in the development of Apache Drill, a transparent, open source project that is a distributed system for interactive analysis of large-scale datasets. It represents a leap forward for organizations looking to augment their big data processing with interactive queries across massive data sets.