SingleStore has raised $116 million in financing led by the growth equity business within Goldman Sachs Asset Management with new participation from Sanabil Investments. Current investors Dell Technologies Capital, GV, Hewlett Packard Enterprise (HPE), IBM ventures and Insight Partners, among others, also participated in the round.
“By unifying different types of workloads in a single database, SingleStore supports modern applications, which frequently run real-time analytics on transactional data,” said Holger Staude, managing director at Goldman Sachs. “The company aims to help organizations overcome the challenges of data intensity across multi-cloud, hybrid and on-prem environments, and we are excited to support SingleStore as it enters a new phase of growth.”
"Our purpose is to unify and simplify modern data,” said Raj Verma, SingleStore CEO. “We believe the future is real time, and the future demands a fast, unified and high-reliability database — a
