Open source database startup 'MariaDB' raises about 12 billion yen to go public, corporate value is over 70 billion yen

MariaDB, an open source database management system developer , raised $ 104 million from investment company Angel Pond Holdings Corporation and was listed on the New York Stock Exchange (NYSE). It is reported that it was. With this listing, MariaDB's corporate value is estimated to be approximately $ 672 million.

MariaDB Corporation Ab to Become a Publicly Traded Company via Combination with Angel Pond Holdings Corporation | MariaDB
https://mariadb.com/newsroom/press-releases/mariadb-corporation-ab-to-become-a-publicly-traded-company-via-combination-with-angel-pond-holdings-corporation/

#MariaDB intends to become a publicly listed company on the @NYSE in partnership with NYSE-listed Angel Pond Holdings Corporation! The combined company — MariaDB plc — will be led by our CEO Michael Howard.

More on the news: https://t.co/AqdmheutXD pic.twitter.com/MRNAahNOr8

— MariaDB (@mariadb) February 1, 2022

MariaDB Corporation Ab to Become a Publicly Traded Company via Combination with Angel Pond Holdings Corporation | Business Wire
https://www.businesswire.com/news/home/20220201005624/en/MariaDB-Corporation-Ab-to-Become-a-Publicly-Traded-Company-via-Combination-with-Angel-Pond-Holdings-Corporation

MariaDB is an open source database based on MySQL 5.5, launched by Michael Widenius , the author of the original code for MySQL and the founder of MySQL AB. Linux distributions such as Fedora, Red Hat Enterprise Linux, and Debian are migrating from MySQL to MariaDB, and some Wikipedia languages are also switching to MariaDB.

The following page summarizes the distributions that use MariaDB, and you can see how popular MariaDB is.

Distributions Which Include MariaDB --MariaDB Knowledge Base
https://mariadb.com/kb/en/distributions-which-include-mariadb/

MariaDB's annual recurring revenue in 2021 was $ 40.3 million, up 31% from the previous year. In addition, sales increased by 13% from the previous year to 34.7 million dollars (about 3.98 billion yen), and expenses were 52 million dollars (about 6 billion yen). With the transactions leading up to this listing, MariaDB will have a corporate value of approximately $ 672 million.

With a $ 104 million investment in MariaDB, Angel Pond Holdings Corporation is a Cayman Islands- based special purpose acquisition company (SPAC) with Alibaba Group co-founders Simon Sea and Goldman Sachs. It was founded by former Sachs partner Theodore One. Angel Pond Holdings Corporation has made an additional $ 18 million in PIPEs (Private Investment in Public Equities) to MariaDB.

MariaDB CEO Michael Howard said, 'Our mission is to build a database for everyone, with simplicity and power, including unified transaction and analytics processing for everyday applications. It's about providing the perfect balance. Whether you're migrating to open source or the cloud, MariaDB can reduce your total database costs by up to 90%. ' ..

'MariaDB is trusted by some of the world's best-performing customers to run mission-critical applications,' said Theodore Wang, Chairman and CEO of Angel Pond Holdings Corporation. With proven technology, MariaDB is in a position to respond to the explosive growth of data and the move to the cloud around the world, 'said MariaDB's promising comments.