GreenSQL Closes Series B with $5.9M

GreenSQL, a security company and maker of a database firewall engine, has closed its Series B round with $5.9 million. The company had previously raised $3.8 million of the round. Rhodium and Atlantic Capital Partners led the round, with participation from existing investor Magma Venture Capital. The money will help GreenSQL bring its unified database security products into virtual and cloud architectures.

PRESS RELEASE
GreenSQL, a pioneer in the delivery of Unified Database Security and provider of the most downloaded database firewall engine, announced today 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. The GreenSQL family of Unified Database Security solutions provides database security, caching, auditing and masking in a single package. GreenSQL provides protection from internal and external threats in real-time, while improving database performance and demonstrating security compliance. With a single unified management interface, GreenSQL solutions are easy to deploy and maintain.

The Company’s management includes: Amir Sadeh, who is a former co-founder and CEO of Onigma (acquired by McAfee), which developed highly innovative host-based data leakage prevention systems; and David Maman, a recognized international computer security expert and founder of companies such as Vanadium-Soft, Preacos, and Moksai.

“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”

About the Investors:

Rhodium
Rhodium is a private investment firm based in Israel and NY which is dedicated to identifying promising entrepreneurs and to helping them build thriving companies. The firm focuses on opportunities in the digital media space (Internet, mobile & new-media) and innovative technologies in general. Rhodium portfolio companies include Outbrain, face.com, Guerillapps, HopStop, Rounds and Hashable. www.rhodium.co.il.

Magma Venture Capital
Magma Venture Capital is a leading Israeli venture capital firm specializing in early-stage investments in communication, semiconductors, Internet and new media. Managing Partners Yahal Zilka and Modi Rosen founded Magma in 1999. Since then the firm has sought out innovative companies, and has guided many to successful exits, such as Provigent, Wintegra, Trivnet, and Phonetic Systems. Our goal is to foster and enable the flow of innovation from an idea’s early stages and through a company’s emergence as a leader within its dynamic market www.magmavc.com.

Atlantic Capital Partners
Atlantic Capital Partners GMBH (www.atlanticcp.com) – (ACP) is a Munich-based venture capital firm focusing on growth-stage investments in software and digital life. Founding General Partners Moshe Bar, Alexander Bruehl and Dr. Marcus Englert started the firm in 2010 and have since then made a number of investments in Europe, the U.S. and Israel.

About GreenSQL
GreenSQL provides Unified Database Security solutions for the SMB/SME and enterprise markets. With an all-in-one approach to database security, the GreenSQL product family offers database security, caching, auditing and masking in a single package. As the most popular MySQL firewall solution with over 100,000 copies downloaded in 198 countries, GreenSQL is committed to delivering total database security solutions that are easy to deploy and use.