SingleStore, Inc.
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SingleStore, Inc. - overview
Established
2011
Location
San Francisco, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2011, SingleStore, Inc. , formerly known as MemSQL, Inc. , operates as a provider of an analytic platform intended to deliver database performance into simplified data ingestion. The company was co-founded by Adam Prout, Eric Frenkiel, and Nikita Shamgunov and is backed by investors including Accel, In-Q-Tel, Hercules Capital, and Insight Partners which led a USD 80 million Series F funding round in September 2021.
SingleStore provides a platform to enterprises to help them integrate, monitor, and query their data as a single entity. SingleStore Managed Service delivers a scalable data platform to power data-intensive applications and it has distributed SQL database that runs anywhere from bare metal to hybrid cloud. Its technology allows customers to unify real-time transactions and analytics in a single database. The company generates revenue by offering users a free trial worth USD 500 trial credits and charges On-Demand users starting at USD 0.
69 per hour. The company posted 150% year-over-year growth in its cloud revenue for 2021. SingleStore plans to further develop its platform, hire more talent and expand the business.
Current Investors
Adams Street Partners, Goldman Sachs Asset Management, Lexington Partners
Primary Industry
Software
Sub Industries
Web Development, Storage Management Software, Analytics & Performance Software
Website
www.singlestore.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
SingleStore, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | SingleStore, Inc. | - |
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