What is SingleStore?
Founded in 2011 and formerly known as MemSQL, SingleStore offers a distributed, relational SQL database management system designed for speed and scale. It uniquely handles both transactions and analytics simultaneously, supporting structured, semi-structured, and unstructured data, as well as streaming and historical data. This unified approach provides a single-pane-of-glass experience, making timely and accurate insights accessible to every worker and workload. The company's technology is built to manage diverse data types and accelerate innovations, positioning it as a key player in the data management and analytics sector.
How much funding has SingleStore raised?
SingleStore has raised a total of $578.7M across 11 funding rounds:
Series A
$2M
Series B
$35M
Series C
$36M
Series D
$30M
Debt
$50M
Series E
$80M
Series F
$80M
Other Financing Round
$116M
Series F
$146M
Series A (2012): $2M supported by First Round Capital, Lerer Ventures, SV Angel, Data Collective, and Y Combinator
Series B (2014): $35M featuring First Round Capital, Accel Partners, Lerer Ventures, Khosla Ventures, and Data Collective
Series C (2016): $36M backed by Data Collective, Lerer Ventures, First Round Capital, Caffeinated Capital, Khosla Ventures, and Accel Partners
Series D (2018): $30M, investors not publicly disclosed
Debt (2020): $50M, investors not publicly disclosed
Series E (2020): $80M supported by Hercules Capital, Inc., Google Ventures, Accel Partners BV, Dell Technologies, Insight Partners, and GLYNN CAPITAL MANAGEMENT LLC
Series F (2021): $80M featuring Khosla Ventures, Hewlett Packard Enterprise, and Insight Partners
Other Financing Round (2022): $116M backed by Sanabil Investments, GV, Goldman Sachs, and Dell Technologies Capital
Series F (2022): $146M with participation from Prosperity7 Ventures and Goldman Sachs
Key Investors in SingleStore
Khosla Ventures
Khosla Ventures is a venture capital firm that provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm focuses on a broad range of areas including consumer, enterprise, AI, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. It operates in segments including Compute, HPC & AI, Storage, and Intelligent Edge, offering a wide range of hardware, software, and services.
Sanabil Investments
Sanabil Investments is a commercial investment company that seeks to deliver superior risk-adjusted returns over the long term through global private investments in venture and growth assets. It provides patient and resilient capital across multiple stages and funding rounds.
What's next for SingleStore?
With its latest major strategic investment, SingleStore is poised to further enhance its platform capabilities and expand its market reach. The company's focus on unifying transactional and analytical workloads at scale addresses a critical need for businesses seeking to derive real-time insights from complex data environments. Future developments are likely to center on strengthening its cloud-native architecture, expanding its AI and machine learning integrations, and deepening its support for a wide array of data sources and applications. This strategic financing will empower SingleStore to accelerate its product roadmap and solidify its competitive advantage in the rapidly evolving database market.
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