USA – SingleStore, a San Francisco, CA-based provider of a cloud-native database built for speed and scale to power data-intensive applications, raised $116M in funding.
The round was led by Goldman Sachs Asset Management with participation from Sanabil Investments, Dell Technologies Capital, GV, Hewlett Packard Enterprise (HPE), IBM ventures and Insight Partners.The company intends to use the funds to accelerate growth and expand operations.Led by CEO Raj Verma, SingleStore delivers SingleStoreDB, the distributed SQL database for data-intensive applications. By combining transactional and analytical workloads, the system eliminates performance bottlenecks and data movement to support demanding workloads. Digital companies like Hulu, Uber and Comcast, and more of the world’s leading SaaS providers, use it to use their data — charging real-time data experiences for their customers.This funding follows SingleStore’s recent product release that empowers customers to create fast and interactive applications at scale and in real time. 12/07/2022
