- SingleStore recently announced it raised $146 million in funding. These are the details.
SingleStore – the cloud-native database built for speed and scale to power data-intensive applications – recently announced it has closed its F-2 round of financing at $146 million
Investors: Led by Goldman Sachs and Prosperity7 as a new investor
What SingleStoreDB does: SingleStoreDB empowers businesses to deliver superior real-time experiences by unifying transactions and analytics in the same engine. Leading companies across nearly every vertical around the world use it to drive better customer experience and enterprise intelligence.
Recent highlights: This funding comes on the heels of SingleStore’s recent onboarding of Senior Vice President of Marketing Sanjay Aurora. And Aurora brings decades of sales and marketing experience at high-growth software and SaaS companies. SingleStore also announced its product integration with SAS Viya earlier this summer, was recognized by Dresner Advisory Services and TrustRadius and was included on the Inc. 5000 list.
KEY QUOTES:
“Business happens in real time. Today’s organizations demand real-time data and immediate insights that empower them to make fast, informed decisions. That requires a modern data infrastructure that only SingleStore’s cloud-native database can deliver. I am excited to announce this funding, and I’d like to thank all of our investors. I look forward to applying these funds to fuel SingleStore’s continued growth and strategic initiatives.”
“We thank Prosperity7 for coming on board as a new investor of SingleStore. We appreciate its vote of confidence and look forward to embracing this new relationship with such a respected company.”
— SingleStore CEO Raj Verma
“SingleStore provides a truly unique solution to address the challenges most organizations have been facing in dealing with rapidly growing data. The company is addressing both databases and analytics through a very efficient system that is fully scalable on-premises, within a cloud and across multiple clouds. SingleStore continues to demonstrate clear market and technology leadership. With the company’s outstanding team and great execution, we believe SingleStore’s competitive advantages and value add will continue to grow in the coming years.”
— Aysar Tayeb, executive managing director at Prosperity7
