MapR Technologies, a US-based technology firm, on Tuesday said it has completed a $ 110 million financing (over Rs 660 crore), led by Google Capital. The funds raised will be used to expand its big data and analytics capabilities.
The round of funding, which saw Google Capital investing $ 80 million, also saw participation from Qualcomm Ventures. Existing investors Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures also participated in this round, MapR said in a statement.
In addition to the equity financing, MapR has also completed a debt facility of $ 30 million, led by Silicon Valley Bank, it added.
"MapR helps companies around the world deploy Hadoop rapidly and reliably, generating significant business results,” Gene Frantz, general partner at Google Capital said.
He added, “We led this round of funding because we believe MapR has a great solution for enterprise customers, and they’ve built a strong and growing business.”
In conjunction with this investment, Frantz will join the MapR Board of Directors.
Besides big data and analytics, the new funding will increase global go-to-market programs to accelerate the deployment of MapR in mission-critical, real-time, and operational use cases, it said.
MapR has clients across financial services, healthcare, media, retail and telecommunications firms.
