MapR Closes $50 Million in VC Funding for Its Data Platform
MapR's data platform is like a new traffic cop at the intersection of batch analytics, real-time data flow processing and new-gen enterprise storage.MapR Technologies, which lays claim to providing the IT industry's only converged data platform, revealed Aug. 9 that it has landed new equity financing totaling $50 million. The $50 million equity financing was led by Future Fund, with participation from all existing investors, including Google Capital, Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates, Qualcomm Ventures and Redpoint Ventures. With this new round of financing, MapR has raised a total of $194 million in equity to date. The additional funding accompanies a record financial quarter, the company said. MapR continued to advance its business at a rapid pace in the second quarter, with more than a 100 percent increase in bookings over prior year. Licenses and support agreements for the MapR Converged Data Platform represented 90 percent of total bookings.
MapR's data platform is like a new traffic cop at the intersection of batch analytics, real-time data flow processing and new-gen enterprise storage. That's a pretty good place to be standing, considering that many major IT trends now touch all of those components.