Google Capital led the latest round of $110 million in financing for
Bangalore San Jose based MapR Technologies. MapR, which helps companies around the world deploy Hadoop, raised $80 million in private equity from Google Capital, Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and existing investors including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures. The company raised another $30 million in debt financing from Silicon Valley Bank, bringing the total up to $110 million.
This is more than double the amount raised in past rounds and makes for a total of $174 million in funding since 2009 for the company. MapR says it will use the new funds to continue its growth in the big data and analytics segment.
MapR has significant production in Hadoop environments in financial services, healthcare, media, retail, telecommunications, and Web 2.0 companies. According to company leadership, this round will also fund additional hiring of engineers and support open-source projects, such as Apache Drill, Hadoop 2.2 with YARN, and Apache Spark.
Correction: MapR HQ is in San Jose. However, the information received was from Bangalore.