May 11 - 16:05
MemSQL secures $50 million in new capital
Database tech firm MemSQL has raised $50 million from a debt facility. The company wants to accelerate its international expansion and improve its products before the end of the year. Hercules Capital has provided the funding. AI and machine learning models rely on databases like MemSQL to deliver big data analytics at scale. MemSQL is already backed by one of Alphabet's investment arms.
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