MariaDB closes in a €22.9 million investment in a round led by Alibaba.
MariaDB, an Espoo, Finland-founded company that developed an alternative database to the MySQL, a database management system, closed in a €22.9 million ($27M) investment round, led by Chinese Alibaba, which contributed with most of the money (€20 million) and including the existing investors.
According to Techcrunch, the deal values MariaDB at around the €300 million ($354 million) mark and it will see Alibaba’s Feng Yu, a principal engineer within its cloud business, join the startup’s board.
MariaDB, founded in 2009 by Max Mether, Michael "Monty" Widenius and Kaj Arnö, the actual founders of MySQL, is a relational database that supports enterprise needs from OLTP to analytics. The company provides MariaDB Server and complementary products, including MariaDB MaxScale and MariaDB ColumnStore, that are valuable for large, mission-critical environments. To date the company raised in excess of $40M.