MapR Technologies Secures $20 Million in Funding
August 30, 2011
Investment to fuel rapid adoption for big data analytics and Hadoop
MapR Technologies Inc., the provider of the industry's most advanced distribution for Apache Hadoop, today announced that it has secured $20 million in Series B funding led by Redpoint Ventures. Also participating in the round were existing investors Lightspeed Venture Partners and NEA. In the past four months, MapR has secured a strategic relationship with EMC Corporation, launched the GA version of its M3 and M5 editions and experienced steep customer adoption. The funding will be used to continue MapR's accelerated growth and scale operations.
"MapR is clearly the technology leader in the hottest enterprise market space today and our investment reflects our excitement about MapR," said Satish Dharmaraj, General Partner at Redpoint Ventures. "The advantages provided by the MapR distribution expand the number of companies that can gather, understand and benefit from big data."
Today's Series B funding announcement underscores MapR's technology leadership and advantages in performance, dependability and ease of use. The MapR distribution is the first, and only, distribution that provides full HA support, native NFS access, snapshots, mirroring, and a full random read/write storage layer.
"Our breakthroughs will grow and advance the entire Hadoop market," said John Schroeder, CEO of MapR Technologies. "We have a deep pipeline of innovations. We raised this round to further increase our technology lead, expand our commercial efforts and increase customer adoption. With a number of highly respected investors interested in MapR, we chose Redpoint for their demonstrated experience in the Big Data market."
About Lightspeed Venture Partners
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed's investment professionals and advisors are located in Silicon Valley, China, India and Israel. Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth, Flixster, Galileo Technology, Growth Networks, Informatica, Kiva Software, Kosmix, LightLogic, LivingSocial, Lucky Pai, Maker Communications, Metasolv, Phone.com, Playdom, Quantum Effect Devices, Riverbed, RockYou, Shoedazzle, Sirocco, TheFind, TutorVista, Virsa Systems, and Waveset. For more information, visit the Lightspeed website: www.lightspeedvp.com.
About New Enterprise Associates
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed capital, NEA invests in information technology, healthcare and energy technology companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 170 portfolio company IPOs and more than 280 acquisitions, including investments in technology leaders like Data Domain, CareerBuilder, Diapers.com, Fusion-io, Groupon, Juniper, Macromedia, Salesforce.com, and TiVo. In the U.S., NEA has offices in Menlo Park, California; New York City; and the Washington, D.C. metropolitan area. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.
About Redpoint Ventures
Redpoint Ventures has helped entrepreneurs build innovative businesses that defy convention, shape the future, and change the world. From early investments in industry pioneers such as Netflix and TiVo, to emerging leaders like HomeAway and Fortinet and defining startups like Cloud.com, Formspring, and BlueKai – we stand behind our entrepreneurs helping them go all the way to the top. We offer entrepreneurs a culture and approach that values mutual respect, meaningful relationships, and an intense commitment to succeed. Founded in 1999, Redpoint manages $2 billion of capital and invests across the early- and early-growth stages. Its partners have been involved in 41 IPOs and 66 upside acquisitions. The firm is headquartered in Menlo Park, CA with offices in Los Angeles and Shanghai, China.
About MapR Technologies
MapR Technologies is a visionary Silicon Valley software company and creator of the next-generation data platform for AI and analytics, with the scale and reliability required by enterprise-grade, mission-critical deployments. The MapR Data Platform delivers the power of dataware to accelerate data-driven innovation. Forward leaning companies such as Cisco, Philips, and Société Générale, are able to create new data-driven solutions to outperform the competition. Learn more: mapr.com.
MapR is a registered trademark of MapR Technologies, Inc. in the United States and other countries. Other names and brands may be the property of others.