MapR missed its deadline to find a buyer or another funding source but said it’s making “meaningful progress” toward securing a lifeline.

In an email to SDxCentral, David H. Greenberg, vice president of legal at MapR, said the one-time big data unicorn “is making meaningful progress towards a strategic transaction. Due to the sensitivity of the discussions, we cannot provide more details at this time.”

The company previously filed documents with a California state agency saying that it could cut 122 jobs and shutter its Santa Clara, California headquarters if it failed to close on a “strategic transaction.” At the time, MapR set a June 14 deadline to find a buyer or new funding, but then moved that to July 3.

MapR executives wouldn’t respond to questions about if — or when — they plan to begin layoffs and close headquarters.

MapR was founded in 2009, and has raised $280 million through seven funding rounds. The company had been eyeing an initial public offering but was never able to pull the trigger.

It, along with other big data firms, have struggled financially as the database market increasingly moves to the cloud.

Last October Cloudera and Hortonworks merged operations in an effort to better compete. But the move hasn’t paid off, and last month Cloudera announced its CEO Tom Reilly would step down, effective July 31, following a first quarter revenue miss.