MariaDB, a database company that has faced struggles since its disastrous IPO, is potentially being taken private in a $37M deal by K1. This offer is significantly lower than its previous valuation of $672M during its Series D funding round. The company, which went public in 2022 after raising approximately ~$230M, has been under scrutiny, especially considering the high expectations set during the 2021’s SPAC mania. The potential deal marks a significant downturn from its past market valuation.