Deals

SkySQL raises $4M for database support services

SkySQL, a company that helps businesses use open-source databases MySQL and MariaDB, has raised $4 million in first round funding. SkySQL consults with businesses to set them up with MySQL and MariaDB services. It will also train employees to use the database services. OnCorps led the round with Finnish Industry Investment Ltd., Spintop Ventures and Open Ocean Capital. The full release is below.

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.”