Big data is high volume, velocity and variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making. To face big data, Apache Hadoop was born – an open-source software for reliable, scalable and distributed computing, processing large data sets across clusters of computers using simple programming models.
Today, the MapR Big Data Platform is being used in production deployments across financial services, government, healthcare, manufacturing, retail and Web 2.0 companies to drive significant business results and includes the analysis of hundreds of billions of objects a day, 90 percent of the Internet population monthly and more than a trillion dollars of retail transactions annually.
MapR Technologies offers three versions of its distribution for Hadoop: the M3, M5 and M7 editions. M7 brings unprecedented Hadoop and NoSQL capabilities on an easy, dependable and fast platform. Big data operations ranging from batch analytics to real-time database operations can all be performed with enterprise-grade reliability and protection.
In a new round of funding led by Mayfield Fund, and including participation by Lightspeed Venture Partners, NEA and Redpoint Ventures, MapR Technologies secured $30 million in series C financing, bringing total funds to $59 million. The financing will be used for global expansion, including in Asia Pacific, and continued investment in research and development of the MapR world-record setting, enterprise-grade distribution for Hadoop.
“By delivering on the promise of Hadoop, MapR has propelled big business to embrace big data,” said Navin Chaddha, managing director, Mayfield Fund, in a statement. “We are honored to partner with the world-class MapR team, which has built a proven technology platform that is being embraced by customers and partners. With the large market opportunity for big data, estimated by analysts to reach $5 billion by 2016, we believe that MapR is in a great position to emerge as the big data platform of choice for enterprises.”
MapR makes Hadoop easy to use, dependable and fast. It’s the only distribution that provides full data protection, no single points of failure, improved failure and dramatic ease of use advantages.
“Organizations across industries have experimented and tested various use cases on Hadoop. Now we are entering a new phase where the focus is on production deployments which calls for the broad support of applications that MapR uniquely provides,” said John Schroeder, CEO and co-founder, MapR Technologies. “We’re excited to have Mayfield join our team of top-tier investors. We’ll leverage their deep expertise in big data to continue to accelerate our hyper-growth business.”
MapR continues to participate in the development of Apache Drill, a highly transparent, open source project that is a distributed system for interactive analysis of large-scale datasets. Apache Drill represents a huge leap forward for organizations looking to augment their Big Data processing with interactive queries across massive data sets.
Edited by Ashley Caputo