附近上门

has signed a debt facility that will provide up to $50 million of new capital, underwritten by , to drive its growth.

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The San Francisco-based company鈥檚 No-Limits Database powers modern applications and analytical systems with a cloud-native, massively scalable architecture so that businesses can make decisions in real time and every experience is optimized through data.

鈥淪tructured query language was not used for certain applications because it could not provide the speed and scale, plus it was expensive,鈥� co-CEO told 附近上门 News. 鈥淥ur database marries real-time operational data on commodity hardware using SQL and provides unprecedented speed and scale more inexpensively.鈥�

MemSQL was founded in 2011, but the business took off in 2013, he said, adding that the company raised a total of $157 million in venture and debt equity. That amount includes a raise in May 2018, co-led by and .

The new capital enables the company to continue focusing on customer, investor and employee successes, as well as to invest in an international presence.

鈥淲e have a runway to be cash-flow positive and explore the public markets in the future,鈥� he added.

Today, MemSQL boasts 130 customers, including some of the top banking firms, while its 1-year-old cloud database, Helios, is available on AWS, GCP and Azure.

鈥淭his year should be our coming-out party,鈥� Verma said.

Meanwhile, he said he is 鈥渢hrilled鈥� to be working with Hercules Capital, which, according to the company, is the largest nonbank venture debt provider with more than $2.4 billion in total assets.

In a written statement, Steve Kuo, senior managing director and technology group head for Hercules, called MemSQL 鈥渙ne of the promising companies in the database market.鈥�

鈥淭his structured investment represents a significant commitment from Hercules and provides an example of the breadth of our platform and our ability to finance growth-orientated, institutionally-backed technology companies at various stages,鈥� he said.

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