SingleStore Closes $146 Million Series F-2 Round  

by Kay Aloha Villamor in October 4th, 2022

SingleStore, a San Francisco, CA-based cloud-native database built for speed and scale to power data-intensive applications, announced that it closed $146 million in Series F-2 funding.

The round was led by Goldman Sachs, with participation from Prosperity7. 

The funds will be used to support SingleStore's ongoing growth and strategic initiatives.

"Business happens in real time. Today's organizations demand real-time data and immediate insights that empower them to make fast, informed decisions," said SingleStore CEO Raj Verma. "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."

This funding comes on the heels of SingleStore's recent onboarding of Senior Vice President of Marketing, Sanjay Aurora.

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.

Company: SingleStore, Inc.

Raised: $146.0M

Round: Series F-2

Funding Month: October 2022

Lead Investors: Goldman Sachs

Additional Investors: Prosperity7

Company Website: https://www.singlestore.com/

Software Category: SQL Database

About the Company: SingleStore delivers distributed SQL database for data-intensive applications, SingleStoreDB. By combining transactional and analytical workloads, SingleStore eliminates performance bottlenecks and unnecessary data movement to support constantly growing, demanding workloads. Digital giants like Hulu, Uber, Comcast, and many more of the world's leading SaaS providers choose SingleStore to unleash the power of their data — supercharging exceptional, real-time customer experiences. SingleStore has nearly doubled its headcount in the past 12 months, expanded geographically with offices in Ireland, Singapore, and Australia, and continues to hire to meet the demand for its products and services.


Source: https://www.singlestore.com/media-hub/releases/singlestore-announces-146m-funding/



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