MemSQL Inc., the developer of a real-time in-memory distributed database, said Tuesday that it has closed on a $30 million late-stage round of funding.

The Series D round was led by GV, formerly Google Ventures, which is the venture capital investment arm of Google Inc.’s parent company Alphabet Inc. Glynn Capital and existing investors Accell, Caffeinated Capital, Data Collective and IA Ventures also participated in the round, which brings MemSQL’s total funding to $110 million.

MemSQL shot to enterprise fame with a distributed relational database that use the ubiquitous SQL query language to query massive amounts of data. It also supports both transaction processing and analytics on the same engine, eliminating the need for a time-consuming extract/transform/load procedure and enabling users to analyze more recent data.

451 Research Inc. said in a statement that this is a key advantage of MemSQL’s platform, because “beyond the reduction in maintaining a separate transactional and analytical system, hybrid databases enable organizations to carry out analytics on incoming operational data, taking advantage of the ‘transaction window,’ which, if done right, could be incredibly lucrative.”

MemSQL’s database allows users to query records with exceptional speed in any case, as it illustrated in a recent benchmark test that shows it can scan more than a trillion rows of data per second on a cluster with 12 servers.

The company offers both free and paid versions of its database, which can be deployed on public cloud platforms such as Amazon Web Services and Microsoft Azure, as well as on-premises in data centers.

MemSQL didn’t elaborate on how it plans to use the new cash injection, instead choosing to talk about its rapid growth of late. The company said its fourth-quarter commercial bookings grew 200 percent from a year ago, even though it faces competition from all manner of incumbents, startups and open-source projects. Some of the company’s biggest clients include Uber Technologies Inc., Dell Technologies Inc., Comcast Corp. and Akamai Technologies Inc.

“MemSQL has achieved strong enterprise traction by delivering a database that enables operational analysis at unique speed and scale, allowing customers to create dynamic, intelligent applications,” said Adam Ghobarah, a general partner at GV. “The company has demonstrated measurable success with its growing enterprise customer base.”

Image: MemSQL