Tuesday, June 19, 2012

MemSQL Looks Up $5M For In-Memory Database

San Francisco-based MemSQL, a developer of an in-memory, SQL database product aimed at the data mining market, has raised $5M in a funding round. The firm announced the round along with the launch of its product Monday. The round came from First Round Capital, IA Ventures, NEA, SV Angel, Y Combinator, Paul Buchheit, Ashton Kutcher, Max Levchin and Aaron Levie. MemSQL's database is aimed at accelerating queries and processing of data from financial services, advertising, bioinformatics, and other computational areas. The firm's CEO is Eric Frenkiel. More information »