MemSQL raises $30M Sequence D spherical for its real-time database – TechCrunch


MemSQL, an organization finest recognized for the real-time capabilities of its eponymous in-memory database, at present introduced that it has raised a $30 million Sequence D spherical, bringing the corporate’s total funding to $110 million. The spherical was led by GV (the agency you in all probability nonetheless seek advice from as Google Ventures) and Glynn Capital. Present buyers Accell, Caffeinated Capital, Knowledge Collective and IA Ventures additionally participated.

The MemSQL database affords a distributed, relational database that makes use of customary SQL drivers and queries for transactions and analytics. Its defining function is the mixture of its knowledge ingestions expertise that permits customers to push tens of millions of occasions per day into the service whereas its customers can question the information in actual time. The corporate just lately confirmed that its instruments can ship a scan charge of over a trillion rows per second on a cluster with 12 servers.

The database is accessible for deployments on the most important public clouds and on-premises.

MemSQL just lately introduced that it noticed its fourth-quarter industrial reserving hit 200 % year-over-year progress — and that’s usually the type of progress that buyers wish to see, at the same time as MemSQL performs in a really aggressive market with loads of incumbents, startups and even open-source tasks. Present MemSQL customers embrace the likes of Uber, Akamai, Pinterest, Dell EMC and Comcast.

“MemSQL has achieved sturdy enterprise traction by delivering a database that allows operational evaluation at distinctive pace and scale, permitting prospects to create dynamic, clever functions,” stated Adam Ghobarah, common companion at GV, in at present’s announcement. “The corporate has demonstrated measurable success with its rising enterprise buyer base and we’re excited to put money into the workforce as they proceed to scale.”

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