5 September, 2017
Big Data Startup MapR Raises $56M, Keeps Eyeing An IPO
Matt Mills says when he was an executive at Oracle in the early 1990s, his team didn’t have the best product to sell. “But we created a great sales engine and went out and built a great success,” he says.
With his new company MapR Technologies, Mills says things are different. MapR’s product isn’t like other Hadoop big data companies, the CEO believes. It’s more flexible, handling customers with petabytes of data smoothly. And it’s now raised what could be its final funding round before eyeing an initial public offering, too. MapR announced Tuesday it’s raised$56 million from existing investors led by Lightspeed Venture Partners.