MariaDB raises $9 million and hires two key executives

Finland Investments 21 January 2016
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MariaDB Corporation, whose open-source database software powers Wikipedia, received $9 million in equity financing from investors including Intel Corp.

Michael “Monty” Widenius, one of the lead developers and founders of MariaDB and MySQL, which was sold to Sun Microsystems Inc. for $1 billion in 2008, joins the company as chief technology officer. Michael Howard, previously the head of analytics company C9, was named chief executive officer. Espoo, Finland-based MariaDB’s total funding now reaches $40 million, including Intel’s participation from an earlier funding round in 2013.

press release below

San Francisco and Helsinki – January 21, 2016 – MariaDB Corporation, a recognized leader in open-source relational database solutions for high availability, scalability, and performance, today announced that it has received $9 Million in equity financing to support accelerating sales and advanced technology development. The company also announced the appointment of Michael Howard as the company’s chief executive officer, and Michael “Monty” Widenius as chief technology officer, effective January 1, 2016. Intel Capital and California Technology Ventures were among the investors in the $9 Million equity financing.

Howard brings decades of leadership in the enterprise software, data management, and big data industries. He is charged with scaling MariaDB to continue its steep growth and with steering the company's market-leading technology innovation in partnership with the MariaDB user community.

“Michael’s proven leadership and deep operational and technology expertise will enable MariaDB to extend its position in the open source database market,” said Scott Raskin, independent director on the MariaDB Board. “With his extensive experience driving growth at both private and public companies, we believe Michael’s leadership will enable MariaDB to capitalize on the massive shifts and opportunities it is addressing in the data management space.”

“The breadth of MariaDB’s customer base and user community is strong validation that open, enterprise-grade products are the future of the database market,” said Howard. “I am excited at the opportunity to work with the MariaDB team and our partners to create database products that lead the market in innovation and value.”

Most recently, Howard was CEO at C9, which he transformed into one of the leading predictive analytics companies in the CRM space, ultimately leading to its acquisition by InsideSales. Previously, Howard was CMO at Greenplum (now Pivotal), the Big Data division of EMC. He was CEO at Ingrian Networks and Outerbay, and VP of the Internet Division at Veritas and of Data Warehousing at Oracle.

Monty Widenius, the creator of both MySQL and MariaDB, has joined the company as CTO. Monty has been advocating open source throughout the industry as well as serving on the boards of MariaDB Corporation and the MariaDB Foundation, the non-profit organization charged with promoting, protecting and advancing the MariaDB codebase, community, and ecosystem. Monty developed MySQL, the most widely adopted open source relational database, which was acquired by Oracle as part of the Sun Microsystems purchase in 2010. Monty remains Founder and Open Source Advocate at the MariaDB Foundation.

“MariaDB’s success as an open source technology goes hand-in-hand with its growing popularity in the commercial market. As part of the MariaDB team, I will be able to create innovative data management capabilities more quickly, and ensure these are open and accessible to the global development community by continuing the close collaboration with the MariaDB Foundation,” said Monty.

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