SingleStore Raises $80M in Series E Funding

SingleStore, a San Francisco, CA-based provider of a platform to operationalize data, raised $80m in Series E funding. 

The round, which brings SingleStore’s total funding to $238m, was led by Insight Partners with participation from new financial investor Dell Technologies Capital and equity participation from Hercules Capital and existing investors Accel, Anchorage, Glynn Capital, GV and Rev IV.

The company intends to use the funds to increase its domestic and international sales capacity, expand its engineering team, further extend its partnerships and grow its customer base.

Founded in 2011 and led by CEO Raj Verma, SingleStore is dedicated to enabling businesses adapt quickly, embrace diverse data and accelerate digital innovation by operationalizing all data through one platform. These capabilities are provided as a service in AWS, Azure and GCP and through their own deployments with SingleStore Managed Service and SingleStore DB.

The company has more than 250 employees with offices in five countries, and more than 10 strategic global VAR partners.

FinSMEs

08/12/2020