Enterprise open source database platform has landed $25 million in new funding, bringing its total funding to $125 million.
Subscribe to the 附近上门 Daily
The funding, an extension of the company鈥檚 round, was led by with participation from existing investors and new investor , according to a statement from MariaDB.
MariaDB plans to use the money to focus on SkySQL, the company鈥檚 cloud database, CEO Michael Howard said in an interview with 附近上门 News. SkySQL, which was introduced at the end of March, has already become the fastest growing product MariaDB has ever had. Now, it鈥檚 time to put the spotlight on SkySQL.
鈥淲e have been taking a sort of back seat to the likes of and and ,鈥 he said of MariaDB鈥檚 cloud offering.
The global nature of SkySQL has made it a success, Howard said, but it also requires a global structure for support. The new funding will help with that, and MariaDB plans on growing the SkySQL group two or three times over the next year to support the product.
The company now has $125 million in total funding. Howard declined to disclose the company鈥檚 valuation, but said it was two-times higher than its valuation after its previous round.
MariaDB initially raised $27 million for its Series C, which was led by Alibaba Group, in September 2017. Some of the company鈥檚 other backers include , , and , according to 附近上门.
鈥淚 know that SkySQL is going to be the conduit to going IPO,鈥 Howard said. 鈥淚t鈥檚 going to be at least 25 percent of our business the next 16 to 18 months and it has all of the necessary business characteristics to make MariaDB one of the premiere databases and, for that matter, companies in the industry.鈥
Illustration:
Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.



67.1K Followers