MapR Closes $110 Million Financing Led by Google Capital

»»MapR Closes $110 Million Financing Led by Google Capital

MapR Technologies, Inc., provider of the distribution for Apache Hadoop, has completed a $110 million financing.mapr

Google Capital led the $80 million equity financing. Also participating was Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.

In addition to the equity financing, MapR completed a debt facility of $30 million led by Silicon Valley Bank.

“MapR helps companies around the world deploy Hadoop rapidly and reliably, generating significant business results,” said Gene Frantz, general partner, Google Capital. “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.”

In conjunction with this investment, Frantz will join the board of directors.

Read More.

Hits: 9

2014-07-01T17:42:02-06:00