Last year, we introduced you to MemSQL, a plucky young Y Combinator alum that was building technology that would let developers give their databases a Nitrous boost, while simplifying application development and maintenance. Founded by ex-Facebookers Eric Frenkiel and Nikita Shamgunov, MemSQL raised $2.1 million in seed funding last July from an impressive roster of investors, before going silent to plug away at their private beta.
After a year of development, MemSQL is officially ready for primetime. Today, the startup launches its next-gen database into the world, and it’s got some shiny new coin to go with its new product, bringing total investment to $5 million. As part of the follow-on seed funding, existing investors First Round Capital, SV Angel, Y Combinator, Paul Bucheit and Ashton Kutcher are joined by IA Ventures, Max Levchin, Aaron Levie and Data Collective — to name a few.
The startup intends to use its new capital to scale its infrastructure and take advantage of areas of the market where fast analysis of machine data is crucial, like financial services, digital advertising technology, and telecom and mobile services.
Those familiar with the space may wonder what makes MemSQL so special, out of the multiple VC-backed, already-been-around-for-awhile “newSQL” startups out there doin’ their thing. (Like Clustrix, GenieDB, VoltDB, RethinkDB, ScaleDB, JustOneDB, Tokutek, Akiban, CodeFutures, ScaleBase, etc.)