MapR Technologies, a US-based enterprise data software provider backed by conglomerate Alphabet and semiconductor manufacturer Qualcomm, raised $56m in funding yesterday from unnamed, existing backers.
The round was led by Lightspeed Venture Partners, according to news publication Forbes.
Founded in 2009, MapR operates a converged data management platform that lets enterprise users match real-time data with operational applications with a view of improving business outcomes.
The cash will go towards accelerated expansion efforts throughout Asia Pacific and Europe. It will also help bolster MapR’s partner ecosystem.
MapR was previously rumoured to be seeking an initial public offering, with reports in March 2017 suggesting the company had hired Goldman Sachs to lead the IPO. The company has put that ambition on hold for the time being, however, chief executive Matt Mills told Forbes.
CapitalG, the growth equity arm of Alphabet, and Qualcomm Ventures, the investment division of Qualcomm, contributed to a $50m round in August 2016 led by Future Fund, the sovereign wealth fund of Australia.
VC firms Lightspeed, Mayfield Fund, New Enterprise Associates (NEA) and Redpoint Ventures also took part in that round.
In 2014, CapitalG led the $80m equity portion of a $110m round that featured Qualcomm Ventures, Lightspeed, Mayfield, NEA and Redpoint. The $30m debt facility was led by Silicon Valley Bank.
Barry Eggers, managing partner at Lightspeed Venture Partners, said: “Companies around the world rely on MapR to transform their business and achieve disruptive advantage with their data.
“The company has consistently demonstrated solid performance and we believe its technology leadership will continue to drive its growth and success.”