OpenOcean

OpenOcean OpenOcean was founded in 2009 by the team behind MySQL and MariaDB. the first European enterprise software unicorn, acquired for $1B in 2008. Fund IV targets €130M with a €100M first close in 2024, and each fund backs 18-20 companies. The thesis is "data as the ultimate moat in AI". spanning AI/ML, quantum computing, databases, cloud, edge, and cybersecurity. The portfolio includes IQM (a major European quantum computing company), MariaDB (co-created by the team), MindsDB, and Trueca