MapR and Hortonworks: Hadoop market in midstream
Over the past week, #MapR and #Hortonworks have treated us to a spate of announcements that provide a good snapshot of Hadoop’s evolution to commercial market. MapR just announced a new $50 million round of funding (its fifth), while Hortonworks disclosed disappointing Q2 2016 results and the announcement of an expansion of its second product line. This all comes during a period where venture capitalists (VCs) are reassessing their investments and doubling down on exit strategies for their current crop of Unicorns and Unicorn wannabes. The MapR announcement was clearly a vote of confidence. Excluding Future Fund, an Australian firm, the bulk of funding came from MapR’s existing backers, meaning modest dilution of investment. That contrasts with the impact of Hortonworks secondary $100 million IPO back in January from which share prices have yet to recover.