MapR Finalizes $110M In Equity And Debt Financing Led By Google Capital And Silicon Valley Bank

On Monday, MapR Technologies announced the finalization of $110M in funding based on $80M in equity financing and $30M in debt financing. Google Capital led the equity funding in collaboration with Qualcomm Incorporated, Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures while MapR’s debt funding was financed by Silicon Valley Bank. The funding will be used to spearhead MapR’s explosive growth in the Hadoop distribution and analytics space as illustrated by a threefold increase in bookings in Q1 of 2014 as compared to 2013. Gene Frantz, General Partner at Google Capital, commented on Google Capital’s participation in the June 30 funding raise as follows:

MapR helps companies around the world deploy Hadoop rapidly and reliably, generating significant business results. We led this round of funding because we believe MapR has a great solution for enterprise customers, and they’ve built a strong and growing business.

Monday’s announcement comes soon after MapR’s news of its support for Apache Hadoop 2.x and YARN in addition to all five components of Apache Spark, the open source technology used for big data applications that specialize in interactive analytics, real-time analytics, machine learning and stream processing. The additional $110M in funding strongly positions MapR with respect to competitors Cloudera and Hortonworks given that Cloudera recently raised $900M and Hortonworks finalized $100M in funding. The news of MapR’s $110M funding also coincides with a recent statement from Hortonworks certifying the compatibility of YARN with Apache Spark as part of a larger announcement about the integration of Spark into the Hortonworks Data Platform (HDP) alongside its Hadoop security acquisition XA Secure and Apache Ambari for the provisioning and management of Hadoop clusters. With a fresh round of capital in the bank and backing from Google, the creators of MapReduce, MapR signals that the battle for Hadoop market share features a three horse race that is almost certain to intensify as vendors compete to streamline and simplify the operationalization of Big Data. In the meantime, Big Data-related venture capital continues to flow like water bursting out of a fire hydrant as the Big Data space tackles problems related to big data analytics, streaming big data and Hadoop security.

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