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Tech Industry

MySQL raises $19.5 million

MySQL announced Tuesday that it raised $19.5 million in a second round of funding led by Benchmark Capital. Index Ventures also contributed to the round. The Uppsala, Sweden-based open-source database company plans to use the funds toward expanding its sales force and its professional services team.

MySQL, which recently inked a deal with business application software giant SAP, is also focusing on bolstering its technological ability to enable thousands of concurrent users to access large sets of data. That effort will be funded by the company's current operations, said CEO Marten Mickos. The company has raised a total of $23.5 million.