MariaDB's Support From China
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Open source database startup MariaDB confirms $27M investment led by Alibaba
Open source database startup MariaDB has announced a new $27 million round of funding led by Alibaba, confirming the news that TechCrunch reported in September.
As we wrote then, Alibaba contributed the majority of the round, supplying €20 million of the total €22.9 million raised.
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Alibaba leads $27m round in US-based open source database firm MariaDB
US and Finland based MariaDB Corporation, which provides an open source database, has raised $27 million in a series C funding led by Alibaba Group.
The investment will see the company expanding its reach globally as the open source database standard.
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Alibaba Group leads $27M funding round for MariaDB
The source of the investment is part of what MariaDB Chief Executive Michael Howard (pictured) called “a funding hat trick” with nearly equal parts of the company’s total cash hoard coming from U.S., European and Asian investors. That reflects a new, more global way of doing business.
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