Big money for big data seems to be the norm these days. Still, people took notice this week when San Francisco-based MemSQL said it had secured $35 million in Series B funding. The investment round, led by Accel Partners, brings the company's total funding to $45 million.
Founded in 2011 by former Facebook engineers Eric Frenkiel and Nikita Shamgunov, MemSQL develops distributed, in-memory database software targeting applications in real-time analytics. While some of the new financing will go toward continued development of MemSQL's technology, CEO Frenkiel told CRN in an interview that some of the money will be used to expand the company's sales and marketing efforts, including developing a channel program for reseller, ISV and OEM partners.