View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
September 10, 2013updated 19 Aug 2016 9:24am

MapR eyes IPO as Big Data takes off

Hadoop platform player says it's almost ready

By Jason Stamper Blog

Hadoop platform provider MapR Technologies is gearing up for an IPO as early as 2015, CBR has learned. An IPO will surely be eagerly anticipated, as Splunk recently raised $2.3bn in a related area of Big Data that perhaps even plays a less strategic role in the stack than MapR.

MapR’s technology adds enterprise-grade features such as improved fault tolerance, ease-of-use and speed to open source Hadoop, NoSQL, database and streaming applications in one unified Big Data platform. It says it’s invested over $30m in the technology.

In an interview with CBR, MapR Technologies’ co-founder and CEO John Schroeder said the firm has already "started the march" towards an IPO.

Its intent was signalled last month when the firm hired prominent CFO Michael Lehman to its board of directors. Lehman has previously helped Arista Networks and Palo Alto Networks prepare for their own IPOs.

Asked how soon MapR might be ready for an IPO, Schroeder told me it could be ready as early as 2015. However he also conceded that the firm is currently investing heavily for growth and therefore not yet profitable, something it may wish to change before it does the rounds with institutional investors.

MapR is VC backed, with investors including Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates and Redpoint Ventures.


Content from our partners
AI is transforming efficiencies and unlocking value for distributors
Collaboration along the entire F&B supply chain can optimise and enhance business
Inside ransomware's hidden costs

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.