Alibaba is set to lead a funding round in database technology developer MariaDB, whose existing shareholders include Intel Capital.

Finland-based open-source database software developer MariaDB is set to receive €22.9m ($26.9m) in a funding round led by internet and e-commerce conglomerate Alibaba, TechCrunch reported on Friday.

Alibaba has agreed to provide approximately €20m of the funding, which will value MariaDB at approximately €300m, with the remainder supplied by unnamed existing investors. Feng Yu, principal engineer at Alibaba’s cloud computing subsidiary, will join MariaDB’s board once the deal has closed..

MariaDB, which was founded in 2009 as SkySQL, has built an…