$56 Million Equity Raised for MapR From Existing Investors

MapR Technologies, Inc. completed another outstanding quarter, as the company continues to challenge both traditional and current big data solutions.

The company is becoming the system of record for many enterprises and organizations who are advanced in their digital transformation journeys.

In addition, MapR announced an equity round of $56 million from existing investors. The funds will be used to continue product innovation of the modern enterprise platform for all data, accelerate country and regional growth to fulfill the demand for its Converged Data Platform throughout APAC and Europe, and bolster its thriving global partner community.

“Companies around the world rely on MapR to transform their business and achieve disruptive advantage with their data,” said Barry Eggers, managing partner, Lightspeed Venture Partners. “The company has consistently demonstrated solid performance and we believe its technology leadership will continue to drive its growth and success.”

MapR reported 100% quarterly billings growth that highlights an outstanding second quarter of fiscal 2018, which ended on July 31, 2017, one of the largest increases for the company.  

The second quarter was fueled by product innovation, partner growth across regions, and customer acquisition. Te firm continued to deliver strong revenue performance in the second quarter with over 100% year over year growth in new subscription billings which is a catalyst to the company’s 70% annual billings growth, year over year.

Global 2000 companies are deploying the Converged Data Platform around the world including American Express, Audi, Cisco, Ericsson, HPE, Novartis, NTT Security, SAP, UnitedHealthcare and Wells Fargo.

“Our customers and partners continue to be at the forefront of this 30-year re-platforming the industry is going through today. We are working closely with them to ensure their success and helping them to execute on their digital transformation and data strategies,” said Matt Mills, CEO, MapR. “In doing so, we are helping to solve some of the most complex data challenges with the industry’s only Converged Data Platform that integrates analytics and operations with data as it happens. Our performance in recent quarters and the additional equity from our existing investors are proof points that we are successfully executing on our strategy as we continue to be heads-down and focused.”

Q2 Highlights:
• Introduced MapR-XD, a cloud-scale data store to manage files and containers. As part of the MapR Converged Data Platform, MapR-XD supports any data type from the edge to the data center and multiple cloud environments with automatic policy-driven tiering from hot, warm or cold data. It enables customers to create vast, global data fabrics which are inherently ready for analytical and operational applications making it easier to operationalize data.

“As applications become more intelligent and take advantage of more diverse data in real time, for both analytical and operational uses, there arises the need for new approaches to data processing,” said Matt Aslett, research director, data platforms and analytics, 451 Research. “MapR-XD is designed to eliminate data silos and support new use cases as they emerge that require data processing from the edge, data center and to the cloud.”

• Formed a partnership with NTT DATA Business Solutions AsiaPac, one of the largest SAP reseller and solutions based consulting firms globally to help customers optimize and find more cost efficiencies for their SAP deployments using the MapR Converged Data Platform. Partners include Amazon, Cisco, Google, HPE, Microsoft, SAP and Teradata.

“Increasingly customers are looking to optimize their existing SAP deployments with modern data platforms designed for cost-effective and scalable storage and processing,” said Max White, CEO, AsiaPac, NTT DATA Business Solutions. “We’re here to help, and have selected the MapR Converged Data Platform to provide the enterprise-grade availability, data protection and performance that SAP customers demand.”

• Together with Talend, in cloud and big data integration solutions, announced a combined offering to help customers meet the most stringent requirements mandated by the European Union’s General Data Protection Regulation legislation.

• Is focused on training and certifying developers, data analysts and administrators on the Converged Data Platform. Building on the success of MapR Academy Essentials, the company launched MapR Academy Pro, a new program with technical courses available for immediate access. Since launching MapR Academy Essentials, there have been nearly 80,000 registered users and over 240,000 course enrollments. 

Read also:
MapR Closes $50 Million in Funding, Total at $194 million in Equity to Date
100% increase in quarterly bookings over prior year, looking to IPO
2016.08.10 | Press Release