MemSQL, a San Francisco, CA-based provider of a database for operational analytics and cloud-native applications, signed a debt facility that provides up to $50m of new capital.
Hercules Capital (NYSE: HTGC) served as underwriter for the financing.
MemSQL delivers innovations for modern data workloads spanning transactions, analytics, and AI for businesses undergoing digital transformation. MemSQL is a converged data platform leader with hundreds of enterprise customers, including many within the Fortune 500. In 2019, the company launched Helios, its cloud database available on AWS, GCP and Azure. MemSQL works with partners such as IBM/Red Hat, Fiserv, Infosys, Tata Consultancy Services and Virtusa to deliver innovative solutions to its customers.
Headquartered in San Francisco, and with offices in Portland, Seattle, Sunnyvale, London, Lisbon, and Kyiv, MemSQL is backed by GV (formerly Google Ventures), Glynn Capital, Accel, Khosla Ventures, Caffeinated Capital, Data Collective, and IA Ventures.