Enterprise software firm MapR raises $110M from Google Capital, Qualcomm Ventures, others
California-headquartered MapR Technologies Inc., an Apache Hadoop-based enterprise software firm, has closed $110 million in financing round led by Google Capital, with participations from Qualcomm Ventures, besides existing investors including Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates and Redpoint Ventures.
Google Capital infused $80 million equity financing. The capital will be used to continue the firm’s growth in the Big Data and analytics segment. The investment will also fund additional engineering resources and support open source projects, such as Apache Drill, Hadoop 2.2 with YARN, and Apache Spark.
As per the deal, Gene Frantz, general partner of Google Capital, will join MapR’s board of directors.
“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,” said John Schroeder, CEO and co-founder of MapR.
MapR was founded in 2009 by MC Srivas (CTO) and Schroeder. An IIT Delhi alumnus, Srivas also holds an MS in computer science from University of Delaware. In the past, he had worked at companies including Google, Spinnaker Networks and Transarc. Prior to co-founding MapR, Schroeder had held various management roles at companies including Caliatsa, Rainfinity and Brio Technologies.