SingleStore

Valuation $11B

About SingleStore

SingleStore is a provider of a database for operational analytics and cloud-native applications.
Headquarters SingleStore, San Francisco
Founded 2011-01-01
Industry Analytics, Big Data, Cloud Data Services, Database, Enterprise Software, Software
Last Funding Type Series F
Valuation 11
Total Funding $464.10 million dollars
IPO Status Private

Financial

SingleStore may be growing as indicated by the launch of a new real-time data platform aimed at accelerating AI, analytics, and application development. This product launch suggests an expansion of SingleStore's offerings and a potential increase in its market share within the database and analytics industry. Additionally, SingleStore's inclusion in the list of 'The Coolest Database System Companies Of The 2024 Big Data 100' reflects recognition within the industry, which could correlate with increased visibility and business opportunities.

SingleStore is focused on enhancing database management and query processing. Their R&D includes bitmap filters for efficient join operations, durable functions for database operations, and bytecode conversion for user query execution. They are also developing methods for managing log files in databases, accelerated filtering, grouping, and aggregation in column-store tables, and separating storage and compute in database systems. Additionally, they work on transactional and analytical data processing using columnstores. These innovations aim to optimize operational analytics and cloud-native applications.

SingleStore announced the integration with Apache Iceberg to enhance intelligent applications on data lakehouses. Additionally, the company introduced a new AI program called dot_product Accelerator.
Funding Rounds 11
Number of Lead Investors 11
Total Funding Amount  $464.10 million dollars
Number of Investors 36

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