SingleStore, a cloud database provider for operational analytics, raised $80 million in a Series F funding round led by Insight Partners.
With the close of Series F, the total amount raised by SingleStore has crossed $264 million. The Series F round witnessed participation from new and existing investors – Hewlett Packard Enterprise and Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures.
The funds will be used to develop and expand SingleStore's footprint and team to give clients with more resources, options, as well as gain industry recognition.
Company: SingleStore, Inc.
Raised: $80
Round: Series F
Funding Month: September 2021
Lead Investors: Insight Partners
Additional Investors: Hewlett Packard Enterprise and Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures
Company Website: https://www.singlestore.com/
Software Category: Database
About the Company: SingleStore, founded in 2011, helps businesses adapt quickly and embrace diverse data and accelerate digital innovation by operationalizing data via a single database for moments that matter. SingleStore is a provider of a database for operational analytics and cloud-native applications. It provides global enterprises with an intelligent database that works on any cloud on-premises or as a service runs transactions and analytics at the same time and lets clients promote their business through analytics and combine semi-structured data into a consolidated big data platform.
Source: https://saasindustry.com/news/singlestore-raises-80m-in-series-f-from-insight-partners-others/