Tuesday, February 14, 2006
RED HERRING | Open-Source Firm Gets $18.5M
RED HERRING Open-Source Firm Gets $18.5M: "Database startup MySQL closed its third round of venture investment Monday, raising $18.5 million from venture capitalists and corporate investors including SAP Ventures, a division of German software giant SAP.
The Swedish company, which sells services and support for its open-source database software, took on investment from Institutional Venture Partners, IntelCapital, Red Hat, SAP Ventures, and Presidio STX, the U.S. investment arm of Tokyo-based Sumitomo.
MySQL CEO M�rten Mickos said the corporate investors were selected because they were the key infrastructure providers for large companies."
The Swedish company, which sells services and support for its open-source database software, took on investment from Institutional Venture Partners, IntelCapital, Red Hat, SAP Ventures, and Presidio STX, the U.S. investment arm of Tokyo-based Sumitomo.
MySQL CEO M�rten Mickos said the corporate investors were selected because they were the key infrastructure providers for large companies."
