MapR Raises $110 Million in Round Led by Google Capital
Summary
The $80 million equity-bearing portion of the round was led by Google Capital, the search giant’s growth equity fund, with participation from Qualcomm Ventures, the investment arm of the wireless chip company. In addition to the growth capital funding, MapR also raised a $30 million debt facility led by Silicon Valley Bank. MapR, which competes with both Cloudera and Hortonworks, prides itself on having built an industrial-grade version of Hadoop tuned for high availability and data protection. The deal was preceded by a $100 million round at Hortonworks led by the investment firm BlackRock and Passport Capital. A recent IDC survey of 202 large companies that had been experimenting with Hadoop found that nearly a third of them had moved it to production environments, and roughly another third planned to do so within a year or less.