Big-data bombshell: MapR may shut down as investor pulls out after ‘extremely poor results’

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MapR Technologies Inc., one of the troika of unicorn startups that emerged from the early days of the big-data movement, may cut up to 122 jobs and shut down its Santa Clara, California headquarters if it can’t secure additional funding.

The company, which raised a total of $280 million in financing since it was founded in 2009 and whose market capitalization once topped $1 billion, said it is seeking a “strategic transaction” that would enable it to avoid closing its headquarters. The company said it has “more than one letter of intent from interested parties.”

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