MemSQL, a US-based real-time analytics database provider, has closed a $36m series C round featuring REV, the subsidiary of business information provider RELX Group formerly known as Reed Elsevier Ventures.
REV was joined by Caffeinated Capital and existing backers Accel Partners, Khosla Ventures, Data Collective, IA Ventures and First Round Capital.
Founded in 2011 by former Facebook engineers Eric Frenkiel and Nikita Shamgunov, MemSQL combines real-time streaming, database and data warehouse workloads in one system.
The company’s technology is used across a wide range of industries including financial services to provide live market data, detect fraud and manage risk. The funding will be used to accelerate growth and beef up its engineering, sales, support and marketing.
The round brought MemSQL’s funding to $85m to date, and follows a $35m series B round led by Accel in early 2014 that included Khosla, IA Ventures, First Round and Data Collective. CIA-backed venture capital fund In-Q-Tel added an undisclosed sum in September 2014.
MemSQL’s earlier investors included Y Combinator, First Round, New Enterprise Associates, Start Fund, SV Angel, Data Collective and IA Ventures.