MariaDB raises $25 Million for SkySQL Enterprise-grade Cloud Database

MariaDB secured $25 Million to expands and accelerate the development of its cloud database, SkySQL.

The SmartFin Capital led the latest funding round. Other participating investors include GP Bullhound and other existing investors. To date, MariaDB has raised $125 Million in eleven funding rounds.

CEO, MariaDB Corporation, Michael Howard, "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."

Founding partner, SmartFin Capital, Jürgen Ingels, said, "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."

SkySQL is database-as-a-service (DBaaS) built with MariaDB. 

The latest funding is a part of an extension to the MariaDB's existing series C round, notes the announcement. It will allow MariaDB to scale its SkySQL operations quickly as well as meet its demand for cloud databases.

The announcement also listed the DBS Bank, ServiceNow, Walgreens, Samsung along with other 75% of the Fortune 500 are its customers.

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