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Tuesday, 01 July 2014 13:32

Google leads MapR $110 million financing Featured

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Hadoop specialist MapR Technologies has closed a $110 million fund raising, with an $80 million equity financing led by Google Capital and a debt facility of $30 million led by Silicon Valley Bank.

As part of the deal, Google Capital (the Google backed equity fund) general partner Gene Frantz will join the board of MapR.

"MapR helps companies around the world deploy Hadoop rapidly and reliably, generating significant business results,” Frantz said.

“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.”

Google Capital's investments to date include SurveyMonkey, Lending Club, and Freshdesk.

MapR CEO and co-founder John Schroeder says the company will use the funding to continue its growth in the big data and analytic segment.

According to Schroeder, MapR tripled bookings in the first quarter of 2014 over 2013 and the new funding will increase worldwide go-to-market programs to accelerate the deployment of MapR in mission-critical, real-time, and operational use cases.

Schroeder said MapR has significant production Hadoop environments in financial services, healthcare, media, retail, telecommunications and Web 2.0 companies, and the investment will also fund additional engineering resources to further the company’s “technology advantage” and support open source projects such as Apache Drill, Hadoop 2.2 with YARN, and Apache Spark.

Other investors participating with Google Capital in the financing were Qualcomm through its venture investment group Qualcomm Ventures, and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.

"Google has a long-standing commitment to Hadoop, making Google Capital an ideal investor for MapR. This investment round recognises our customers’ rapid adoption, their tremendous results and ROI and also the capital efficiency of our business model,” said Schroeder.

“It’s extremely gratifying to bring these high-calibre strategic investors on board, including Qualcomm who is the leader in the mobile ecosystem and also at the forefront of the Internet of Things, to help us accelerate growth and position the company for global leadership.

“Our installed base of more than 500 paying licensees provides a strong foundation and we are excited to move forward with the tremendous resources from our new and current financial investors.”

Qualcomm Ventures director Albert Wang commented: “Hadoop is a cornerstone for the big data ecosystem and MapR has demonstrated its leadership in the space. We invested in MapR because of the strength of its technology in leveraging the expanding Internet of Things and providing immediate business benefits."


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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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