Big Data startup MemSQL raises US$35 million

MemSQL, a database startup founded in 2011 by former Facebook engineers Eric Frenkiel and Nikita Shamgunov, has raised US$35 million in a series B round of venture funding led by Accel Ventures. Khosla Ventures, First Round Capital, and Data Collective participated in the round, which brings MemSQL's total funding to $45 million.

Speed and usability are key attributes of MemSQL's distributed in-memory database technology, which is designed to run on commodity servers and uses a familiar query language, SQL, for analyzing structured and semi-structured data. The clustered application supports high-volume online transaction processing (OLTP) and online analytical processing (OLAP) workloads.

"MemSQL, at its heart, is a technology designed to take batch systems real-time. We know that the [enterprise data warehouse (EDW)] is very important in the enterprise and it's designed to stay there. Our focus is scaling analytics around it," says Frenkiel, CEO of MemSQL.

"That's one of our biggest drivers -- you can turbo-charge an existing EDW very easily with MemSQL."

Users can store and query multiple data formats in a single database, and they can access real-time analytics through a full SQL interface. "There are no new languages to learn. It's very easy to use, and it doesn't scare anyone away," Frenkiel says.

He and Shamgunov left Facebook, prior to its IPO, with a mission -- to build a modern database from the ground up.

"We started the company as a SQL database, which, I'm not going to lie, was very out of vogue at the time," Frenkiel recalls. "Three years ago everyone was thinking that NoSQL was going to prevail and SQL was just going to fade away."

That hasn't happened, says Frenkiel, citing as examples Google's F1 database and Cloudera's introduction of an open-source SQL query engine for Apache Hadoop. "Everyone is recognizing that SQL is so important for the enterprise."

San Francisco-based MemSQL plans to use the $35 million to expand product development and go after a bigger share of the market for Big Data technologies, which IDC is forecasting to reach $32.4 billion by 2017.

Today the company has about 35 employees. Existing customers include Comcast, Zynga and Shutterstock.

"It's been a rocket-ship ride since we started the firm," Frenkiel says.

Ann Bednarz covers IT careers, outsourcing and Internet culture for Network World. Follow Ann on Twitter at @annbednarz and reach her via email at abednarz@nww.com.

Read more about software in Network World's Software section.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Latest Videos

More Videos

Thanks for sharing. You might want to check this website https://lagimcardgame.com/. An up and coming strategic card game wherein the cha...

Pierce Fabreverg

Board games distributor partners with Deliveroo in business strategy pivot

Read more

Such an important campaign, dyslexia certainly need more awareness. Amazing to see the work Code Read is doing. On the same note we are a...

Hugo

New campaign aims to build understanding around scope and impact of dyslexia

Read more

Great Job on this article! It demonstrates how much creativity, strategy and effort actually goes to produce such unique logo and brandin...

Pierce Fabreverg

Does your brand need a personality review? - Brand vision - CMO Australia

Read more

Here’s an article on solving the most complex customer queries without a delay. Hope it helpswww.engati.com/blog/address...

soham

How to manage social media during Covid-19

Read more

Thank you for explaining the rules. This article covers the principles of design, which arrange the elements of art into a composition. ...

Pierce Fabreverg

Reports: Brands have an important role to play during the COVID-19 crisis - if they're useful

Read more

Blog Posts

A few behavioural economics lesson to get your brand on top of the travel list

Understanding the core principles of Behavioural Economics will give players in the travel industry a major competitive advantage when restrictions lift and travellers begin to book again. And there are a few insights in here for the rest of the marketing community, too.

Dan Monheit

Co-founder, Hardhat

Predicting the Future: Marketing science or marketing myth?

Unicorns, the Sunken City of Atlantis, Zeus: They are very famous. So famous in fact, that we often think twice about whether they are real or not. Sometimes if we talk about something widely enough, and for long enough, even the strangest fiction can seem like fact. But ultimately it is still fiction - stories we make up and tell ourselves over and over until we believe.

Kathy Benson

Chief client officer, Ipsos

Winning means losing in the game of customer retention

At a time of uncertainty and economic hardship, customer retention takes on much greater importance. CX Lavender’s Linda O’Grady examines the big grey area between ‘all’ and ‘best’ customers when deciding who is worth fighting for and how.

Linda O'Grady

Data Strategy Partner & Business Partner, CX Lavender

Sign in