- MariaDB Corporation announced that it raised a $25 million funding round to support the company goals to expand the reach and development of its cloud database called MariaDB SkySQL
MariaDB Corporation announced that it raised a $25 million funding round to support the company goals to expand the reach and development of its cloud database called MariaDB SkySQL. This round of funding was led by SmartFin Capital with participation from existing investors and new investor GP Bullhound. Including this round of funding, MariaDB has raised over $125 million.
How does MariaDB work? MariaDB uses pluggable and purpose-built storage engines to support workloads that previously required a variety of specialized databases. And with complexity and constraints eliminated, enterprises can now depend on a single complete database for all their needs whether on commodity hardware or their cloud of choice.
The company’s technology can be deployed in minutes for transactional, analytical or hybrid use cases, MariaDB delivers unmatched operational agility without sacrificing key enterprise features including real ACID compliance and full SQL.
Companies have been quickly shifting to the cloud in order to modernize their business and keep up with the changing times. To help with the transition, many companies are turning to SkySQL, which is MariaDB’s database-as-a-service (DBaaS) built and managed by the creators of the database. And it is the only DBaaS to bring the full power of the MariaDB Platform to the cloud supporting a new generation of modern applications with fast transactions and real-time analytics.
SkySQL enables customers to pursue a cloud strategy that best meets their needs. And the funding — part of an extension to the company’s series C funding — allows MariaDB to scale its SkySQL operations to more quickly support the growing demand for cloud databases.
MariaDB helps customers realize the benefits of public and private clouds. DBS Bank, ServiceNow, Walgreens, Samsung, and over 75% of the Fortune 500 all run MariaDB thus touching the lives of billions of people every day.
Key Quotes:
“Expanding MariaDB SkySQL cloud operations is our key focus. There is an addressable and immediate market need with a growing number of companies who want to enable faster innovation and agility by adopting cloud technologies and shifting database management to DBaaS solutions. The funding extension gives us an immediate infusion to scale SkySQL faster, while doubling our valuation in a streamlined fundraising process that sets a path for our next steps.”
— Michael Howard, CEO, MariaDB Corporation
“MariaDB continues to exceed our expectations. The company’s innovation in cloud database technology will help support the rapid growth in IT modernization that businesses large and small are pursuing to keep up with the world around us. We feel MariaDB is well-positioned to take a large share of the growing cloud database market as companies continue to push forward into the cloud. We are proud to invest more in MariaDB to continue their exceptional growth.”
— Jürgen Ingels, founding partner, SmartFin Capital
“MariaDB has risen to be a household name in the IT industry. We have been particularly interested in MariaDB’s focus on bringing its flexibility, security and stability to the cloud. That’s why we’re excited to invest in MariaDB, as we see enormous opportunities for its SkySQL product.”
— Per Roman, co-founder and managing partner of GP Bullhound
