Security News > 2020 > July > MariaDB’s $25M funding round expands reach and development of SkySQL

MariaDB announced a $25 million funding round supporting the company goals to expand the reach and development of its cloud database, MariaDB SkySQL. Led by SmartFin Capital, with participation from existing investors and new investor GP Bullhound, the round brings the total investment in MariaDB to over $125 million.

"We feel MariaDB is well-positioned to take a large share of the growing cloud database market as companies continue to push forward into the cloud. We are proud to invest more in MariaDB to continue their exceptional growth."

The funding, part of an extension to the company's series C funding, allows MariaDB to scale its SkySQL operations to more quickly support the growing demand for cloud databases.

"Expanding MariaDB SkySQL cloud operations is our key focus. There is an addressable and immediate market need with a growing number of companies who want to enable faster innovation and agility by adopting cloud technologies and shifting database management to DBaaS solutions," said Michael Howard, CEO, MariaDB Corporation.

"We have been particularly interested in MariaDB's focus on bringing its flexibility, security and stability to the cloud. That's why we're excited to invest in MariaDB, as we see enormous opportunities for its SkySQL product."

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