SingleStore, a data platform known for powering enterprise AI applications, has agreed on a growth buyout led by Vector Capital. This deal marks a significant step forward for SingleStore as it continues to scale its operations and expand its reach in the fast-growing AI and data infrastructure space.
The company’s leadership team, including CEO Raj Verma, will remain in place and continue to guide SingleStore through its next phase. Long-standing investors such as Google Ventures, Dell Technologies Capital, IBM, and REV Venture Partners will also stay on board. At the same time, several of Vector Capital’s limited partners—including firms like J.P. Morgan Asset Management, Goldman Sachs Asset Management’s External Investing Group, and Lexington Partners—will invest alongside Vector in the deal. Financial terms have not been disclosed.
SingleStore has built a reputation for delivering ultra-low-latency database solutions that allow organizations to transact, analyze, and search data in real time—all on a single platform. This capability is especially critical for companies developing AI-driven applications that require speed, precision, and scalability. The platform is used by a wide range of global enterprises, including Nvidia, Goldman Sachs, LG, Adobe, Siemens, and Comcast, among many others.
The company recently reported record performance for the second quarter of fiscal year 2026, with notable growth across key metrics. Total net new annual recurring revenue rose by 34% compared to the same period last year, while new customer revenue more than tripled. Managed and cloud services also saw strong momentum, with over 80% year-on-year growth.
SingleStore’s success is rooted in its long-term vision to build a database platform engineered explicitly for the AI era. Its architecture supports both transactional and analytical workloads, offers horizontal scalability, and includes advanced features like vector search and full-text search. These capabilities make it a compelling choice for enterprises looking to build mission-critical AI applications.
SingleStore will also host its annual conference, SingleStore Now, in New York City on October 1, 2025, where it will share more details about its roadmap and upcoming initiatives.
Advisors/counsel: SingleStore engaged Goldman Sachs as financial advisor, PWC as audit advisors, and Fenwick as legal counsel in connection with the transaction. Paul Hastings served as legal counsel to Vector Capital.
KEY QUOTES:
“Building a database natively engineered for the AI era, well before the moment arrived, has been the work of more than a decade. We are grateful for the confidence and support from all of our investors who have been on the journey with us to date, as well as our customers, without whom our success would not have been possible. Now, as we look to accelerate our growth trajectory, I am delighted to partner with Amish, Stephen, and the Vector team who share our passion for innovation and our vision for what is possible to achieve when you start with an AI-ready database of unparalleled speed, scale and simplicity. I look forward to working with Vector on the next wave of innovation and further accelerate SingleStore’s growth to best serve our customers.”
Raj Verma, CEO of SingleStore
“Our investment in SingleStore underscores Vector’s commitment to investing in category-defining technology companies and reflects the breadth and depth of our sourcing and deal making capabilities across the enterprise software and AI landscape. As the world’s best-fit database for applications which demand ultra-low latency with transactional and analytical requirements, we believe SingleStore has the potential to become one of the most important data platforms for the AI era and are proud to support its next phase of growth alongside an exceptional group of investors and shareholders.”
Amish Mehta, Chief Investment Officer and Managing Director of Vector Capital
“SingleStore represents the largest new platform investment Vector has made in over 15 years and underscores our leadership in the database and data management sectors. We are excited to partner with Raj and the SingleStore team to build on its strong momentum, expand the Company’s global reach and continue delivering the real-time, AI-ready data solutions that today’s leading enterprises require.”
Stephen Goodman, Principal at Vector Capital
