SingleStore, the cloud-native database that handles transactions and analytics concurrently, has raised USD 116 million. The funding spherical was led by the expansion fairness enterprise inside Goldman Sachs Asset Administration (Goldman Sachs), with new participation from Sanabil Investments.
“The corporate goals to assist organizations overcome the challenges of knowledge depth throughout multi-cloud, hybrid and on-prem environments, and we’re excited to help SingleStore because it enters a brand new part of development,” mentioned Holger Staude, managing director at Goldman Sachs.
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“Our goal is to unify and simplify fashionable knowledge. We consider the longer term is real-time, and the longer term calls for a quick, unified and high-reliability database — all facets wherein we’re strongly differentiated. I’m very excited to companion with Goldman Sachs, the beacon of monetary establishments, and additional increase our relationship,” mentioned SingleStore CEO Raj Verma.
Earlier investments from IBM Ventures, HPE and Dell have fueled sturdy momentum. Lately, SingleStore launched SingleStoreDB with IBM and introduced a partnership with SAS to ship ultra-fast insights at decrease prices. The corporate has virtually doubled its headcount within the final 12 months and continues to rent aggressively.
The firm just lately onboarded its new chief monetary officer, Brad Kinnish, together with Meaghan Nelson as its new normal counsel.
