Yesterday, it was announced that SkySQL has raised an additional 2.5 million dollars in Series A funding from California Technology Ventures.
This comes along with the news of the new CEO, Patrik Sallner, taking the CEO role at SkySQL on July 1st.
Here are some relevant snippets:
“SkySQL also announced today that CTV, a venture capital fund that makes direct investments in technology and life science companies globally, invested an additional $2.5 million as part of the company’s recent A round of funding. With this latest investment, SkySQL has collected EUR 6 million to fund further growth.”
“About California Technology Ventures, LLC
California Technology Ventures, LLC is a venture capital fund that makes direct investments in technology and life science companies. CTV has built a strong reputation for its entrepreneurial approach to investing and working with companies. They believe in guiding entrepreneurs through the strategic, operational, and management decisions critical to a company’s success. For more information, please view www.CTVentures.com.”
If interested, there are much more details on this round of funding here:
In case you may have overlooked yesterday’s post from Ulf Sandberg, I thought I’d go ahead and reiterate the main points, as it is big news, at least for those interested in SkySQL.
SkySQL has been like a rocket ship with it’s growth since we started, and now we’re making some even bigger changes to help accelerate that effort further.
As Ulf announced, we’ve named a new CEO, Patrik Sallner, to take over after the initial bootstrap period.
Patrik, a former executive at F-Secure, will officially become CEO on July 1st. “Patrik comes to SkySQL with demonstrated experience in building international software and services businesses, including delivering cloud storage solutions to the world’s largest telecommunications operators. The addition of Patrik to SkySQL’s Leadership Team is a tremendous boon to the company, and I have every confidence that he will be instrumental in catapulting SkySQL to the next level.”
Again, I just wanted to share the news for those who may have missed it.
For those interested, more on this can be found here:
I am very pleased to say that earlier today, SkySQL announced it has raised $4 Million in Series A Round Funding.
Let me post the main part of the press release here:
SAN JOSE – April 18, 2012 – SkySQL, the first choice in affordable database solutions for the MySQL® and MariaDB® databases in the enterprise and the cloud, today announces that the company has raised $4 million in Series A funding from a number of investors, including OnCorps, an elite peer-based community of veteran technology investors and advisors committed to bringing better, cost-disruptive technologies into the mainstream. Also funding the round are European investors including Finnish Industry Investment Ltd., Spintop Ventures and Open Ocean Capital.
SkySQL will primarily use the investment to fund growth in its new product development, including adding critical positions. This is the company’s most recent move in expanding beyond a MySQL and MariaDB services-only company into a fully-fledged database products and services provider. SkySQL made its debut in October 2010 and has been funded to date with seed money from OnCorps, as well as Open Ocean Capital. Today, SkySQL is currently operating in 13 countries.
“The SkySQL strategy aligns well with OnCorps’s technology leadership vision,” said Bob Suh of OnCorps. “SkySQL will capitalize on the growing database and cloud services market. We are delighted and look forward to working with the SkySQL team to contribute to their continued success.”
“This investment will let us focus on ramping up development and efforts behind both enterprise and cloud database products that address a very real need in the marketplace,” said Ulf Sandberg, chief executive officer of SkySQL. “We also plan to build on our existing MySQL and MariaDB services offering, which offers customers unrivaled support, consulting and training.”
You can read the full press release here:
Very exciting times!