MariaDB introduced a $25 million funding which might be used to increase the attain and growth of its cloud database, MariaDB SkySQL. Funding spherical was led by SmartFin Capital, with participation from current traders and new investor GP Bullhound. With this spherical, complete funding in MariaDB elevated to over $125 million.
SkySQL is MariaDB’s database-as-a-service (DBaaS) constructed and managed by the creators of the database. MariaDB additionally acknowledged that it’s the solely DBaaS to convey the total energy of the MariaDB Platform to the cloud supporting a brand new era of contemporary functions. SkySQL lets prospects pursue a cloud technique that greatest meets their wants. Michael Howard, CEO, MariaDB Company stated,
“Increasing MariaDB SkySQL cloud operations is our key focus. There may be an addressable and speedy market want with a rising variety of corporations who wish to allow quicker innovation and agility by adopting cloud applied sciences and shifting database administration to DBaaS options. The funding extension offers us a right away infusion to scale SkySQL quicker, whereas doubling our valuation in a streamlined fundraising course of that units a path for our subsequent steps.”