Third Frontier gives YBI-aided company $100,000 for projectSFlb

Staff report

Streetsboro

A Streetsboro-based company that receives assistance from the Youngstown Business Incubator has received $100,000 from the Ohio Third Frontier Commission.

GraphSQL LLC will use the funding to develop its software system, which supports graph-data analysis for massive databases. The technology that GraphSQL uses will be licensed from Kent State University.

There are two individuals responsible for the project. One of them is a professor at Kent State University, and the other works for a major Silicon Valley technology firm, said Jim Cossler, CEO at the Youngstown Business Incubator. Both of them are attempting to keep their names out of the press at this point, he said. GraphSQL is a portfolio company at the incubator.

The company still is working toward developing the software system, he said.

The project has a total budget of $263,000, according to information presented to Third Frontier.

“This is the type of funding that will allow them to do robust testing when it’s completed,” Cossler said.

The work that GraphSQL is doing already has drawn the attention of some institutional investors, he said.

The work being conducted could have an impact from Silicon Valley to New York.

“What they’re doing is huge; it’s really revolutionary,” Cossler said.

The Ohio Third Frontier Commission is a government-funded program designed to invest in the creation of technology-based products, companies, industries and jobs.