Monday, 18 June 2012

Accelerate Your Database: MemSQL Launches With $5M From Ashton Kutcher, Max Levchin & More

143659v2-max-250x250Last 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.

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