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

Upcoming Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

Date: 20 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining...

BLOG

Parameta Solutions Launches Enhanced Real-Time OTC Oil Market Data Service

Parameta Solutions, the data and analytics division of TP ICAP Group, has launched an upgraded real-time data service designed to improve transparency in over-the-counter (OTC) oil trading. The service provides live, broker-sourced pricing from TP ICAP subsidiaries PVM and ICAP, with data from TP to be added later in October. Parameta claims that this makes...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...