posted at 04:51
Author: Jordan Novet
Mon, 30 Jun 2014 11:30:13 +0000
MapR grabs $110M in funding and debt to play harder in the Hadoop game
MapR, a company that adds its own proprietary code to the Hadoop open-source software, said today that it has raised $110 million in new fresh money - $80 million in equity, $30 million in debt. MapR has been doing just fine, from the perspective of co-founder and chief executive John Schroeder. More than 500 customers pay for MapR software licenses, including Ancestry.com, Beats Music, the Climate Corp., ComScore, and Samsung, he said. "MapR has been a bit under the radar compared to Cloudera and Hortonworks, but they have an extremely strong solution and large-scale customers. This round of funding will help them get their message out," Mike Gualtieri, a Forrester analyst covering big data, wrote in an email to VentureBeat. Like other Hadoop vendors, MapR sees almost all of its customers deploying its software in on-premises data centers, not public clouds. MapR started in 2009 and is based in San Jose, Calif. To date it has raised $174 million. MapR delivers on the promise of Hadoop with a proven, enterprise-grade platform that supports a broad set of mission-critical and real-time production uses. MapR brings unprecedented dependability, ease-of-use and world-record speed to... read more ».

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