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fuNDINg to $5.9 mIllIoN greensQl, a pioneer in the delivery of unified Database security and provider of the most downloaded database firewall engine, announced recently that it has closed a $5.9 million funding round. the series B funding round, originally $3.8 million, was increased to $5.9 million. the investment was led by rhodium and Atlantic capital partners, with participation from existing investor magma venture capital, who funded the company's series A round in 2009. gandyr and 2BAngels also participated in this round. proceeds of the round will be used to drive greensQl’s expansion to new markets and to bring the company’s unified Database security solution into virtual and cloud architectures. Building on experience as the most popular database security solution for MySQL– with over 100,000 copies downloaded in 198 countries – GreenSQL's unique approach delivers an all-in-one database security package for the SMB and enterprise markets. “GreenSQL views Atlantic Capital Partners as a hand-in-hand
partner that will assist in growing the business and help the company to achieve its mission,” said Amir Sadeh, CEO of GreenSQL. “We aim to become the world leader in database security, auditing, performance and compliance products and solutions for the SMB/SME markets and important players in enterprise database security.” “With the ever increasing attacks on enterprise data, the
timing for GreenSQL’s entrance to the database security market couldn’t be better,” said Moshe Bar, General Partner of Atlantic Capital Partners in Munich. “That, combined with a world-class management team and best-in-class solutions, makes for a very capable offering which clients are already validating with usage in their production environment” fi
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www.finance-monthly.com OCTOBER 2011
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