SkySQL, the first choice in affordable database solutions for the MySQL and Maria DB databases in the enterprise and the cloud, today announces that the company has raised $4 million in Series A funding from a number of investors, including Finnish Industry Investment Ltd., a Finnish government-owned venture capital and private equity company. Also funding the round are leading European investors including Spintop Ventures and Open Ocean Capital, as well as U.S.-based OnCorps.
SkySQL will primarily use the investment to fund growth in its new product development, including adding critical positions. This is the company’s most recent move in expanding beyond a MySQL and Maria DB services-only company into a fully-fledged database products and services provider. SkySQL made its debut in October 2010 and has been funded to date with seed money from OnCorps, as well as Open Ocean Capital. Today, SkySQL is currently operating in 13 countries.
”We are extremely impressed with the expertise and track record of the SkySQL team,” said Juha Lehtola, Investment Director of Finnish Industry Investment Ltd. ”SkySQL is already delivering solutions to a number of top companies and increasing their revenues significantly. We believe SkySQL has an enormous opportunity ahead as database products and services for the cloud is still a hugely untapped market.”
”Spintop Ventures is excited about working with the SkySQL team and their superior services for the MySQL user community. We look forward to supporting them in introducing a next generation database offering to once again define the global database market”, said Finn Persson, Partner at Spintop Ventures.
”This investment will let us focus on ramping up development and efforts behind both enterprise and cloud database products that address a very real need in the marketplace”, said Ulf Sandberg, CEO of SkySQL. ”We also plan to build on our existing MySQL and Maria DB services offering, which offers customers unrivaled support, consulting and training.”
For further information, please contact:
SkySQL:
Ed Stevenson/Emma Naylor
+44 208 237 1109/1107
estevenson@positivemarketing.org / enaylor@positivemarketing.org
Finnish Industry Investment Ltd:
Juha Lehtola, Investment Director, Finnish Industry Investment Ltd.
tel. +358 40 064 7671, e-mail: juha.lehtola@industryinvestment.com
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SkySQL Ab, the company behind the SkySQL™ Enterprise subscription, is the first choice in affordable MariaDB® & MySQL® database solutions for the enterprise and cloud. Founded by former executives, personnel, and investors of MySQL AB, SkySQL Ab is an open source software company committed to furthering the future development of MySQL-based database technologies, while delivering cost-effective database solutions and exceptional customer service. SkySQL Ab’s customers include ATOS Worldline, Canal+, Deutsche Telekom, ClubMed, Lotte.com, La Poste, Constant Contact and Virgin Mobile. SkySQL’s worldwide headquarters is located in Helsinki, Finland. The company has operations in Asia, Europe and North America. For more information, please call +1(877) 303-5799, or visit www.skysql.com , and follow conversations at www.twitter.com/skysql .
Finnish Industry Investment Ltd is a government-owned investment company which promotes Finnish business, employment and economic growth through venture capital and private equity investments. Finnish Industry Investment invests in funds and directly in growth companies in all sectors. The investment focus is on growth, internationalisation, spin-offs, major industrial investments, and sectoral and corporate restructurings. The investments of Finnish Industry Investment amount to 700 million euros. www.industryinvestment.com