MariaDB gets EUR 25 million in funding from The European Investment Bank.
Maria DB, an Espoo, Finland and Menlo Park, USA-based company built around an open source relational database, announced getting a EUR 25M funding from The European Investment Bank (EIB).
The money will be used to support the company’s next stage of growth and database innovation. This EIB operation is guaranteed under the European Fund for Strategic Investments (EFSI), a key element of the European Commission’s Investment Plan for Europe, aiming at reviving investment in strategic projects around Europe.
This is the EIB’s first financing for MariaDB. The EIB funding will be used to further product innovation for MariaDB’s expanding global enterprise client base and increase its sales and marketing teams in Europe, America, and Asia. Specifically, within Europe, the company will expand its European operations with new engineering hires in Helsinki.
Maria DB was founded in 2010 as SkySQL, by the same team behind MySQL AB, including David Axmark, Michael 'Monty' Widenius and Kaj Arnö. The company has become ever since a global software vendor specializing in high availability and high performance MariaDB & MySQL.
Prior to this funding, the company has raised about $40M from outside investors, including Spintop Ventures, Intel Capital, OpenOcean or angel investor Ari Korhonen.