SKYSQL RAISES $4 MILLION IN SERIES A ROUND
Investments from OnCorps, Finnish Industry Investment Ltd., Spintop Ventures and Open Ocean Capital Enable SkySQL to Ramp Up Development for the Enterprise and Cloud
SAN JOSE – April 18, 2012 – SkySQL, the first choice in affordable database solutions for the MySQL® and MariaDB® 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 OnCorps, an elite peer-based community of veteran technology investors and advisors committed to bringing better, cost-disruptive technologies into the mainstream. Also funding the round are European investors including Finnish Industry Investment Ltd., Spintop Ventures and Open Ocean Capital.
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 MariaDB 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.
“The SkySQL strategy aligns well with OnCorps’s technology leadership vision,” said Bob Suh of OnCorps. “SkySQL will capitalize on the growing database and cloud services market. We are delighted and look forward to working with the SkySQL team to contribute to their continued success.”
"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, chief executive officer of SkySQL. "We also plan to build on our existing MySQL and MariaDB services offering, which offers customers unrivaled support, consulting and training."
About OnCorps, Inc.
OnCorps is an exclusive network of peers committed to accelerating technology adoption. The company is based in Harvard Square in Cambridge, Massachusetts and is backed among others by Andreessen Horowitz.
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.
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