SkySQL a Finnish provider of affordable MySQL & MariaDB database solutions, has announced that it has raised $4 million (€3 million) in Series A investments. The funding round was led by Finnish Industry Investments Ltd. (a government-own venture capital company), as well as Spintop Ventures, Open Ocean Capital, and U.S.-based OnCorps.
SkySQL serves customers such as ATOS Worldline, Canal+, Deutsche Telekom, ClubMed, Lotte.com, La Poste, Constant Contact and Virgin Mobile, and has operations in Asia, Europe, and North America. The company provides products and support for both enterprise and cloud architecture, and one of its selling points is having original talent from MySQL AB.
SkySQL will use the funding for hiring and new project development. Lately the company has expanded past a MySQL and Maria DB services-only company into a fully-fledged database products and services provider. The company was founded October 2010 and has been funded to date with seed money from OnCorps, as well as Open Ocean Capital.
”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.”