EnterpriseDB Cashes In Courtesy of IBM

EnterpriseDB today announced that it has secured $10 million in Series C funding, which includes backing from IBM. With a total of $37.5 million in funding to date, the company certainly isn’t hurting for cash.

Nor is it hurting for competition, as CEO Andy Astor has made it perfectly clear that it intends to go “straight after MySQL in the marketplace with a dramatically more robust database…that has excellent tooling, is faster than MySQL in transactional environments, and is far more scalable.”

EnterpriseDB, which has labeled itself as an open source database provider and a database that has “Oracle performance and interoperability at a fraction of the cost,” certainly has plenty of cash, but has always been short on open source distinction.

That said, EnterpriseDB took a big step in the right direction today with its announcement that it will open source its GridSQL BI and data warehousing engine under the GNU GPL Version 2.

All in all, whatever bite EnterpriseDB takes out of MySQL’s market share pie won’t do any harm. Competition breeds innovation and success, two traits that the open source database market will only benefit from. It should be fun to watch how it all plays out.