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
cmo-xs-promo

Latest Videos

More Videos

Anyone can become a victim of the sophisticated schemes set up by these scam websites. It's not about being smart; I don't consider mysel...

Mathieu Lecompte

ACCC takes Meta to court over scam cryptocurrency advertising

Read more

Nice blog!Blog is really informative , valuable.keep updating us with such amazing blogs.influencer agency in Melbourne

Rajat Kumar

Why flipping Status Quo Bias is the key to B2B marketing success

Read more

good this information are very helpful for millions of peoples customer loyalty Consultant is an important part of every business.

Tom Devid

Report: 4 ways to generate customer loyalty

Read more

Great post, thanks for sharing such a informative content.

CodeWare Limited

APAC software company brings on first VP of growth

Read more

This article highlights Gartner’s latest digital experience platforms report and how they are influencing content operations ecosystems. ...

vikram Roy

Gartner 2022 Digital Experience Platforms reveals leading vendor players

Read more

Blog Posts

​Why we need to look at the whole brand puzzle, not just play with the pieces

Creating meaningful brands should be a holistic and considered process. However, all too frequently it’s one that is disparate and reactive, where one objective is prioritized at the expense of all others. So, what are the key pieces to the ‘good’ brand puzzle?

Marketing overseas? 4 ways to make your message stick

Companies encounter a variety of challenges when it comes to marketing overseas. Marketing departments often don’t know much about the business and cultural context of the international audiences they are trying to reach. Sometimes they are also unsure about what kind of marketing they should be doing.

Cynthia Dearin

Author, business strategist, advisor

From unconscious to reflective: What level of data user are you?

Using data is a hot topic right now. Leaders are realising data can no longer just be the responsibility of dedicated analysts or staff with ‘data’ in their title or role description.

Dr Selena Fisk

Data expert, author

Sign in