Industry First Unites Transactional and Analytical Processing for Algorithmic Economy
MariaDB[R] Corporation, a leader in open source databases, have announced the upcoming release of its big data analytics engine, MariaDB ColumnStore, another significant milestone for the MariaDB open source community.
The release claims to be the industry's first to enable transactional and massively parallelized analytic workloads under the same roof. This unification is possible because of MariaDB's extensible architecture that allows simultaneous use of purpose built storage engines for maximum performance, simplification, and cost savings, an approach which stands apart from competitors like Oracle, and obviates the need to buy and deploy traditional columnar database appliances.
MariaDB's business plan has been bolstered by a new equity investment from SmartFin Capital, which counts among its investors numerous major banks including ING. The injection, at a time where other tech investments have been delayed, provides an additional $3M, bringing the company's extended B round to $ 12M. The fresh funds further fuel the company's momentum in the financial and communications industries.
"Columnar database technology is central to our ability to give customers the insights they need to grow their revenue and protect them from fraud. We are extremely happy to see MariaDB take it up, as there are truly no alternatives that can match the combination of low operating cost and exceptional performance at scale." said Will Powers, Director, Systems Infrastructure and Data Services at Bandwidth, a communications API provider that enables voice and messaging services for leading brands."
"We have been a hybrid MySQL and MariaDB shop, but are standardizing on MariaDB for future development. MariaDB's new analytical processing and security advances are of urgent importance to our business, and I'm looking forward to continued rapid innovation from MariaDB and its open-source community," Powers added.
"I've seen first-hand how traditional columnar appliances arose as reactions to the cost and complexity of Oracle," commented Michael Howard, CEO of MariaDB, "But these reactions have only increased complexity and cost further, and most importantly, over-looked critical features. In contrast, MariaDB ColumnStore is ACID compliant...