Qualcomm Inc.’s venture capital arm has invested in a Silicon Valley company that specializes in Hadoop, an up-and-coming software for dealing with big data.
Qualcomm (Nasdaq: QCOM) is one of at least seven entities participating in a new, $110 million round of funding for San Jose-based MapR Technologies Inc. Google Ventures (Nasdaq: GOOG) led the $80 million equity round, which also included a $30 million debt round from Silicon Valley Bank.
Qualcomm Ventures is a new investor in the equity round and did not disclose the amount it contributed to MapR. Joining Qualcomm and Google were existing investors Lightspeed Venture Partners, Mayfield Fund, the NEA venture firm and Redpoint Ventures.
“Hadoop is a cornerstone for the big data ecosystem, and MapR has demonstrated its leadership in the space,” Albert Wang, director of Qualcomm Ventures, said in a prepared statement. “We invested in MapR because of the strength of its technology in leveraging the expanding Internet of Things and providing immediate business benefits.”
Hadoop is open-source software owned by the Apache Software Foundation.
“The Apache Hadoop software library is a framework that allows for the distributed processing of large data sets across clusters of computers using simple programming models,” the foundation’s website said. “It is designed to scale up from single servers to thousands of machines, each offering local computation and storage.”
One advantage of using Hadoop is that people can use it with commodity hardware, according to Silicon Valley-based Hortonworks.