What is SingleStore?
Founded in 2011, SingleStore (formerly MemSQL) offers a unified, cloud-native operational database designed for both transactions and analytics. Its distributed, relational SQL database system is built for speed and scale, handling structured, semi-structured, and unstructured data, as well as streaming and historical data, all through a single interface. This capability allows businesses to accelerate innovations and make timely, accurate insights accessible to every worker and workload. The company's technology is crucial for organizations aiming to adapt quickly in dynamic markets and leverage diverse data sources for competitive advantage.
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 SV Angel, Lerer Ventures, Data Collective, Y Combinator, and First Round Capital
Series B (2014): $35M featuring Khosla Ventures, Lerer Ventures, Data Collective, Accel Partners, and First Round Capital
Series C (2016): $36M backed by Data Collective, First Round Capital, Accel Partners, Khosla Ventures, Lerer Ventures, and Caffeinated Capital
Series D (2018): $30M, investors not publicly disclosed
Debt (2020): $50M, investors not publicly disclosed
Series E (2020): $80M supported by Dell, GLYNN CAPITAL MANAGEMENT LLC, Hercules Capital, Inc., Accel Partners BV, Insight Partners, and Google Ventures
Series F (2021): $80M featuring Hewlett Packard Enterprise, Khosla Ventures, and Insight Partners
Other Financing Round (2022): $116M backed by Goldman Sachs, GV, Sanabil Investments, and Dell Technologies Capital
Series F (2022): $146M with participation from Goldman Sachs and Prosperity7 Ventures
Key Investors in SingleStore
Data Collective
Data Collective is a venture capital firm focused on supporting technology that helps people find, understand, and share data, aiming to advance knowledge and education. They invest in companies that leverage data for societal benefit.
First Round Capital
First Round Capital is a venture capital firm that invests in innovative startups across various sectors, focusing on supporting entrepreneurs and helping them achieve significant results through strategic partnerships and resources.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, with a broad investment focus including enterprise, AI, and fintech.
What's next for SingleStore?
With substantial enterprise-level backing and a recent strategic investment, SingleStore is well-positioned for its next phase of growth. The company's focus on unifying real-time analytics and transactional workloads addresses a critical need in today's data-intensive landscape. Future developments are likely to center on enhancing its cloud-native capabilities, expanding its market reach, and further optimizing its platform for diverse enterprise applications. This strategic financing will enable SingleStore to deepen its technological advancements and solidify its position as a leader in the operational database market.
See full SingleStore company page
