HELSINKI BASED database company SkySQL has announced a $20m round of funding to develop the open source software MariaDB database fork of MySQL.
The Series B funding round was led by Intel Capital to support developing the MariaDB database into "a world-class database to challenge American rivals such as IBM and Oracle".
With the merger of SkySQL, founded by ex-members of the MySQL team, and MariaDB architect Monty Programme back in April, the new company has been seeking ways to develop the open source project, including increased back end support and scalability of the MariaDB server software.
Other investors in the consortium are California Technology Ventures, Finnish Industry Investment, Open Ocean Capital and Spintop Private Partners alongside the lead California investors.
"Adoption of the MariaDB database server has grown explosively in the last year," said SkySQL CEO Patrik Sallner. "With the help of our loyal user base, we have built up significant market share when compared to other open source database technologies."
Sallner added, "For large-scale internet players like Google and Wikipedia, MariaDB database server delivers clear benefits over existing relational databases.
"With this funding we plan to deliver commercial solutions that make it even easier for enterprises of any size to run MariaDB databases at scale."
Since its formation in 2010, SkySQL has attracted some blue chip clients including Craigslist, EA, HP and Disney. µ