MemSQL Raised $5M in Funding to Date
MemSQL, a San Francisco, CA-based big memory technology provider, said it raised $5m in funding to date.
Investors include First Round Capital, IA Ventures, NEA, Start Fund, SV Angel, Y Combinator, Paul Buchheit, Ashton Kutcher, Max Levchin, Aaron Levie. Sam Altman, and Guy Oseary, among others.
The company intends to use the funding to scale its infrastructure across sales, marketing and technical support.
Founded in 2011 by CEO Eric Frenkiel and CTO Nikita Shamgunov, MemSQL is a big memory technology company that provides data-driven businesses with access to real-time insights.
The company also released its in-memory data tier product, which empowers data-driven businesses to leverage existing systems to gain actionable insights at rates 30 times faster than with disk-backed alternatives.
The solution is ideal for applications that require fast processing of machine data, including financial services, digital advertising, bioinformatics, government, manufacturing, and mobile applications.