Y Combinator Alum MemSQL Raises $2.1 Million From Ashton Kutcher, SV Angel And More
Summary
The Y Combinator Winter 2011 grad is announcing today that it has raised $2.1 million in seed funding, led by an impressive list of angels and VCs. The stalwart list includes venture backing from First Rounds Capital, New Enterprise Associates, Start Fund, SV Angel, and Y Combinator — as well as participation from celeb tech investor Ashton Kutcher, early Google employee and FriendFeed Co-founder Paul Bucheit, Loopt Founder Sam Altman, Guy Oseary, and several others. The database primarily focuses on online transaction processing (OLTP) workloads, and aims to deliver speed and through-put advantages, while retaining SQL and ACID compliance without resorting to NoSQL or caching technologies. While online transaction processing software may be unknown to some, it helps manage transaction-oriented applications in data entry and retrieval, work that is integral to a number of industries, including banking, airlines, supermarkets, and manufacturers. It’s also likely that MemSQL won over investors based on the credentials of its team, counting former Facebook, Oracle, and SQL server engineers among its ranks.
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