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Home > Cloud Computing > MariaDB announced $25M funding round

MariaDB announced $25M funding round

MariaDB corporation announced a $25 million funding round supporting the company goals.


Erdem Yasar Erdem Yasar
July 10, 2020
1 min read
MariaDB announced $25M funding round

MariaDB announced a $25 million funding which will be used to expand the reach and development of its cloud database, MariaDB SkySQL. Funding round was led by SmartFin Capital, with participation from existing investors and new investor GP Bullhound. With this round, total investment in MariaDB increased to over $125 million.

SkySQL

Michael Howard, CEO, MariaDB Corporation
Michael Howard, CEO, MariaDB Corporation

SkySQL is MariaDB’s database-as-a-service (DBaaS) built and managed by the creators of the database. MariaDB also stated that it is the only DBaaS to bring the full power of the MariaDB Platform to the cloud supporting a new generation of modern applications. SkySQL lets customers pursue a cloud strategy that best meets their needs. Michael Howard, CEO, MariaDB Corporation said,

“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.”

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Tags: MariaDBSkySQL
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7, Erdem was the managing editor of T3 Magazine.

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