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There's Big Money in Big Data

MapR Technologies, which sells a commercial version of the Hadoop data framework, has raised $56 million in new funding.

Many expected the big data company, which raised $50 million in 2016 at the time and promoted former Oracle executive Matt Mills to CEO, to go public and follow in the footsteps of competitors including HortonWorks and Cloudera.

The company will use the recent funding however to continue expanding overseas with a particular focus on Australia, Japan and South Korea.

The new round was led by existing investor Lightspeed Venture Partners. Other investors include Google private equity unit CapitalG, Mayfield Fund, New Enterprise Associates, Qualcomm Ventures and Redpoint Partners.

MapR isn't the only big data company that has received significant funding of late however.

Dataiku recently received its second round of funding, a $28 million invesetment led by Battery Ventures which it says it will use to increase hiring and marketing globally.

data-big
MapR Technologies, which sells a commercial version of the Hadoop data framework, has raised $56 million in new funding.

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