# SkySQL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skysql

- Industry: Software
- Headquarters: Espoo, Finland
- Website: www.skysql.com
- Total disclosed funding: $29M
- Latest round: Seed (Dec 11, 2024)
- Investors on record: 9

## About

SkySQL, based in Finland, provides a sophisticated database platform, delivering AI-driven serverless Database-as-a-Service (DBaaS) that simplifies database management for developers and businesses alike.SkySQL, founded in 2010 in Espoo, Finland, specializes in serverless database solutions, offering a platform that is compatible with MySQL and MariaDB. The company was co-founded by Patrik Backman, who has a background in developing database technologies. SkySQL has successfully completed 8 funding deals, raising a total of USD 2.50 mn, with the latest funding round being a Seed round led by Eniac Ventures, which also included investment from Good Capital and WTI. The company's current valuation stands at USD 5.724 mn.SkySQL offers an AI-driven serverless Database-as-a-Service (DBaaS) platform that is fully compatible with MySQL and MariaDB, designed to alleviate database complexity for developers and businesses. Core offerings include the SkyAI Agents, which facilitate the integration of natural language processing into applications, enabling users to extract insights from databases through conversational queries. The service incorporates features like instant auto-scaling, zero waste during idle periods, and enhanced security by keeping sensitive data within the database environment. SkySQL serves a diverse clientele that spans various industries, including education, IoT solutions, and enterprise-level applications, with geographical reach across North America, Europe, and Asia. Customers leverage SkySQL to improve operational efficiency, enhance data management capabilities, and facilitate better decision-making processes through real-time insights.SkySQL operates on a subscription-based revenue model, allowing customers to pay for the resources they utilize, which aligns with their serverless architecture. Clients engage with the platform through customized pricing plans that cater to varying resource needs, from individual developers to large enterprises managing substantial datasets. The pricing structure is designed to scale with customer requirements, incorporating features such as the Forever Free Serverless Tier for developers, as well as comprehensive DBA services through SkyDBA, which provides expert monitoring and maintenance. Business transactions often occur direct-to-consumer or B2B, focusing primarily on ensuring that organizations can efficiently manage and optimize their database environments while minimizing costs and enhancing performance. The combination of innovative offerings and adaptable pricing strategies positions SkySQL to capitalize on the growing demand for flexible cloud database solutions.SkySQL plans to enhance its product offerings by developing new features centered around AI and natural language processing. The company is targeting expansion into new geographic regions, including Asia-Pacific and Latin America, by the end of 2024. Recent funding of USD 2.50 mn will support these initiatives, enabling the launch of additional services and improving marketing efforts to reach new customers.

## Funding rounds

- Seed, Dec 11, 2024, $2.5M — WTI, Eniac Ventures, Good Capital
- Series B, Oct 23, 2013, $20M — Intel Capital, Tesi, California Technology Ventures, OpenOcean, Spintop Ventures
- Series A, May 30, 2012, $2.5M — California Technology Ventures
- Series A, Apr 18, 2012, $4M — Tesi, OpenOcean, Spintop Ventures, OnCorps, Inc.

## Investors

- Tesi (https://capitalatlas.ai/funds/tesi) — Series A, Series B
- OpenOcean (https://capitalatlas.ai/funds/openocean) — Series A, Series B
- Spintop Ventures (https://capitalatlas.ai/funds/spintop-ventures) — Series A, Series B
- OnCorps, Inc. — Series A
- California Technology Ventures (https://capitalatlas.ai/funds/california-technology-ventures) — Series A, Series B
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series B
- WTI — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed
- Good Capital — Seed