Big Data Firm Gets Big Money, as MapR Bags $30M Series C
March 20, 2013
MapR Technologies, a big data software company based in San Jose, CA, has raised $30 million in venture funding from new investor Mayfield Fund, as well as existing investors Lightspeed Venture Partners, New Enterprise Associates and Redpoint Ventures, to bring its total funding to $59 million and its pre-money valuation to $264.66 million. MapR, which provides a platform for big-data analysis, said the new Series C financing will be used for worldwide expansion and continued investment in research and development. In August 2011, MapR raised a $20 million Series B round that valued the company at $124.8 million.