MemSQ Raises $35M in Series B Funding

memsqlMemSQL, a San Francisco, CA-based provider of distributed in-memory database technology for real-time Big Data analytics, raised $35m in Series B funding.

The round, which brought the total amount raised to $45m, was led by Accel Partners, with participation from Khosla Ventures and existing investors First Round Capital and Data Collective, as well as from private financiers

The company intends to use the funds to expand product development, support its customer base.

Founded in 2011 by former Facebook engineers Eric Frenkiel (CEO) and Nikita Shamgunov, MemSQL has built an in-memory, clustered application that supports high-volume online transaction processing and online analytical processing workloads while providing a full SQL interface. The company introduced JSON technology into its platform, combining structured and JSON data into a database utilizing SQL, which means that organizations can combine two disparate data sources for operational analytics, network security, real-time recommendations and risk management.
Current customers include Comcast, Zynga, Shutterstock and Ziff Davis, as well as many new mid-market customers.

MemSQL is a Y Combinator company.



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