MapR has received funding to accelerate the company's growth in big data and analytics. Google Capital led the financing round. Here are the details.
MapR CMO Jack Norris says the company will continue to invest in its channel partners.
MapR has completed a $110 million financing round to help organically fuel company growth and increase worldwide go-to-market programs in big data and analytics.
The San Jose, California-based distributor of Apache Hadoop-driven solutions on Monday said it received $80 million in equity financing from Google Capital, with additional participation from Qualcomm Ventures and existing investors, including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures.
As part of this funding round MapR received a debt facility of $30 million led by Silicon Valley Bank, a private equity firm located in New York City.
MapR CMO Jack Norris told Talkin' Cloud that the total funding round will "get MapR to a position of positive cash flows and profitability, with some cushion."
"Primarily the proceeds will be used for organic growth," he said.
The company plans to use the funding to increase worldwide go-to-market programs to accelerate the deployment of MapR in mission-critical, real-time and operational use cases.
Norris said MapR's go-to-market programs will revolve around several areas, including enterprise data hub, Internet of things (IOT) and operation applications.
"As companies gain more experience with Hadoop and move from experimental uses to full production, they demand the enterprise features that MapR delivers," he said.
For MapR's channel partners, the financing round allows the company to "expand our channel partners’ business to meet the growing demand fueled by customers maturing in their use of Hadoop," Norris said.
MapR received $35 million in Series C financing back in 2013.