MemSQL Raises $36m in Series C Round

Date 2016/4/26 13:48:27 | Topic: Company News

MemSQL has announced it has closed its series C financing raising $36 million. The oversubscribed round includes new investors REV and Caffeinated Capital, as well as all existing investors Accel Partners, Khosla Ventures, Data Collective, IA Ventures, and First Round Capital. This latest MemSQL funding round brings the total amount raised to $85 million, accelerating the company's mission to help the world's largest companies meet new data processing demands so they can adapt and learn in real time.
MemSQL will use the funds to accelerate growth across the company including engineering, sales, support, and marketing. MemSQL continues to assemble a team of database and infrastructure experts delivering the most innovative approaches to real-time analytics. The company also sits at the intersection of database innovation and a new, fast-growing market for real-time applications driven by dramatic drops in hardware costs and new use cases that involve streams of data.

In March, the company announced the general availability of MemSQL 5, a flagship release that includes breakthrough analytics performance, drives real-time business intelligence, and supports on-site deployment or across multiple cloud providers. MemSQL 5 empowers global companies to harness real-time data and use familiar SQL and SQL-focused tools to achieve immediate results.

This article comes from Software Development Tools

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