MapR Technologies Secures $140,000,000 New Round

  • Feed Type
  • Date
    6/30/2014
  • Company Name
    MapR Technologies
  • Mailing Address
    2833 Junction Ave. San Jose, CA 95134 USA
  • Company Description
    MapR’s breakthroughs make Hadoop more reliable, more affordable, more manageable and significantly easier to use.
  • Website
    http://www.mapr.com
  • Transaction Type
    Debt
  • Transaction Amount
    $140,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The financing will be used by MapR to continue its growth in the big data and analytics segment. MapR tripled bookings in the first quarter of 2014 over 2013 and the new funding will increase worldwide go-to-market programs to accelerate the deployment of MapR in mission-critical, real-time, and operational use cases. In addition to the equity financing, MapR completed a debt facility of $30 million led by Silicon Valley Bank.
  • M&A Terms
  • Venture Investor
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