US-based database developer MemSQL secured $30m on Tuesday in a series D round featuring GV, the corporate venturing unit formerly called Google Ventures.
GV, a subsidiary of internet and technology group Alphabet, was joined by venture capital firms Glynn Capital, Accel, Caffeinated Capital, Data Collective and IA Ventures.
MemSQL has created a scalable, intelligent database that can store large volumes of data in different formats and analyse it in real time as more data is added. The funding will support recruitment, with a focus on engineering, support, operations and customer management.
The round brought the company’s overall funding to $115m, including $36m in a 2016 series C round featuring REV, the corporate venturing arm of information and analytics provider RELX, as well as Caffeinated Capital, Accel, Data Collective, IA, Khosla Ventures and First Round Capital.
In-Q-Tel, Y Combinator, New Enterprise Associates, Start Fund and SV Angel are among the company’s earlier investors.
GV general partner Adam Ghobarah said: “MemSQL has achieved strong enterprise traction by delivering a database that enables operational analysis at unique speed and scale, allowing customers to create dynamic, intelligent applications.
“The company has demonstrated measurable success with its growing enterprise customer base and we are excited to invest in the team as they continue to scale.”