MapR Technologies, a start-up based in San Jose, California, reported more than 100% growth in bookings and billings during Q2 2015 compared to the same quarter in the prior year for its Apache Hadoop solutions.
MapR processes big and fast data on a single platform, enabling real-time applications for enterprise deployments.
“New customer adoption and expanded deployments of the MapR Distribution for Hadoop have continued to accelerate as enterprise customers are realizing top-line revenue growth and operational efficiencies,” said John Schroeder, cofounder and CEO, MapR Technologies. “Our technology innovations with Apache Hadoop coupled by a proven, subscription-based licensing model, has enabled our business to grow with predictable success.”
MapR Raises $110 Million for Apache Hadoop
MapR Technologies, a start-up based in San Jose, California, raised $110 million in venture funding for its distribution for Apache Hadoop software. MapR has significant production Hadoop environments in financial services, healthcare, media, retail, telecommunications, and Web 2.0 companies. The financing will be used to continue growth in the big data and analytics segment, especially to fund additional engineering resources and support…
