MySQL AB today announced the completion of an $18.5 million Series C round
of financing led by Institutional Venture Partners (IVP), the Menlo Park,
California-based venture capital firm. Corporate investors in the round
were Intel Capital, Red Hat, SAP Ventures, and Presidio STX, the U.S.-based
venture investment subsidiary of Sumitomo Corporation. The open source
database developer will use the proceeds to fund continued growth into the
enterprise database market, including new product development as well as
expansion of business development, sales and marketing activities.

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