MemSQL, provider of a distributed in-memory database that enables processing of transactions and running of analytics in real time, has closed its series C financing, raising $36 million. This latest MemSQL funding round brings the total amount raised to $85 million.
Led by Eric Frenkiel, CEO and co-founder, MemSQL, says it will use the funds to accelerate growth across the company including engineering, sales, support, and marketing. MemSQL continues to expand its team of database and infrastructure experts for delivering real-time analytics.
In March, the company announced the general availability of MemSQL 5, a flagship release that includes improvements in analytics performance, drives real-time business intelligence, and supports on-site deployment or across multiple cloud providers. MemSQL 5 allows companies to leverage real-time data and use familiar SQL and SQL-focused tools.
The oversubscribed Series C round includes new investors REV and Caffeinated Capital, as well as existing investors Accel Partners, Khosla Ventures, Data Collective, IA Ventures, and First Round Capital.
For more information, go to memsql.com.