About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MapR Sets New MinuteSort Record; Grabs $30 Million

Subscribe to our newsletter

Hadoop distributor MapR Technologies recently announced that it had set a new world MinuteSort record using Google’s cloud-based compute offering. Following up on that, the company just raised a further $30 million in investment.

The MinuteSort record saw MapR’s Hadoop offering sorting 15 billion 100-byte records (or 1.5 TB) in 60 seconds, using the Google Compute Engine. Some 2,103 virtual instances were deployed, each instance consisting of four virtual cores and one virtual disk, for a total of 8,412 virtual cores and 2,103 virtual disks.  The previous record was 1.4 TB in 60 seconds.  The Google Compute Engine is currently available in limited test mode, but will soon be generally available.

As if to celebrate the new record, MapR has just raised $30 million in a third round of financing, according to an SEC filing.  The company recently expanded into Europe with offices in London and Munich, and plans to expand into Asia.  The third round was led by Mayfield Fund, and existing investors New Enterprise Associates, Lightspeed Venture Partners, and Redpoint Ventures also participated. The company has raised nearly $60 million in total – though that’s less than half the sum raised by rival Cloudera.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

A-Team Group Announces Winners of the AI in Capital Markets Awards 2025

A-Team Group has announced the winners of the inaugural AI in Capital Markets Awards 2025, celebrating the most innovative and impactful applications of artificial intelligence and machine learning across the global financial markets. The new awards programme recognises technologies that have moved beyond proof-of-concept to deliver measurable value, supporting efficiency, resilience, and insight generation across...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management

Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...