SingleStore

SingleStore

Provider of a database for operational analytics and cloud-native applications.

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$30.0m

Valuation: $1.3b

Series F
Total Funding000k
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More about SingleStore
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SingleStore is a cutting-edge technology company that specializes in providing a modern relational database designed for both cloud and on-premises environments. The company focuses on delivering real-time analytics and insights for modern applications and analytical systems. SingleStore's database, known as SingleStore Helios, is engineered to handle complex transactional (OLTP) and analytical (OLAP) workloads with exceptional speed and scalability.

SingleStore serves a diverse range of clients, including businesses that require high-performance data processing and real-time analytics. These clients span various industries such as finance, e-commerce, telecommunications, and technology. The company operates in the highly competitive database management and analytics market, which is crucial for businesses looking to leverage big data and real-time insights to drive decision-making and innovation.

The business model of SingleStore revolves around offering its database solutions through a subscription-based model. Clients can choose between cloud-based or on-premises deployments, depending on their specific needs and preferences. SingleStore makes money by charging subscription fees for access to its database services, which include features like fast vector search, full-text search, native Python Notebooks, and built-in data integration services.

SingleStore's key selling points are its speed, scalability, and ability to provide immediate insights. The database's optimized query engine and modern architecture allow it to process large volumes of data quickly and efficiently. Additionally, SingleStore offers infinite elasticity, meaning clients can easily scale their applications without worrying about storage and compute limitations. This makes it an attractive option for businesses that need to handle large-scale data operations and require high performance.

In summary, SingleStore is a modern database company that provides high-speed, scalable, and real-time analytics solutions for businesses across various industries. It operates on a subscription-based model, offering both cloud and on-premises deployment options to meet the diverse needs of its clients.

Keywords: Real-time analytics, relational database, cloud, on-premises, scalability, speed, data integration, OLTP, OLAP, subscription-based.

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Investments by SingleStore

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BryteFlow
ACQUISITION by SingleStore Oct 2024