# SingleStore

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/singlestore

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.singlestore.com
- Total disclosed funding: $469M
- Latest round: Series F (Sep 18, 2022)
- Investors on record: 25

## 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.

## Funding rounds

- Series F, Sep 18, 2022, $26M — Aramco Ventures
- Series F, Jul 7, 2022, $120M — Goldman Sachs Asset Management, Insight Partners, IBM Ventures, GV, REV Venture Partners, Hewlett Packard Enterprise Development LP, Dell Technologies Capital, Sanabil Investments
- Series F, Aug 11, 2021, $98M — Insight Partners, Khosla Ventures, GV, Glynn Capital, REV Venture Partners, Hewlett Packard Pathfinder, Dell Technologies Capital
- Series E, Dec 8, 2020, $80M — Accel, Insight Partners, Dell Ventures, Khosla Ventures, Anchorage Capital Advisors, Hercules Capital, GV, Glynn Capital, REV Venture Partners, Hewlett Packard Enterprise Development LP
- Series D, May 4, 2018, $30M — Accel, GV, Glynn Capital, IA Ventures, DCVC, Caffeinated Capital
- Series C, Apr 6, 2016, $36M — Accel, Khosla Ventures, First Round Capital, IA Ventures, DCVC, Caffeinated Capital
- Series B, Jan 22, 2014, $35M — Accel, Khosla Ventures, First Round Capital, DCVC
- Series B, Nov 4, 2013, $35M — Accel, Khosla Ventures, First Round Capital, DCVC
- Series A, Mar 11, 2013, $5M — IA Ventures, DST Global, DCVC
- Seed, Jun 18, 2012, $2M — IA Ventures, DCVC
- Seed, Jun 1, 2011, $1.6M — New Enterprise Associates, First Round Capital, SV Angel, Y Combinator, Sound Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series B, Series C
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Seed, Series A, Series C, Series D
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed, Series A, Series B, Series C, Series D
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C, Series D, Series E
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B, Series C, Series E, Series F
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Series C, Series D
- GV (https://capitalatlas.ai/funds/gv) — Series D, Series E, Series F
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series D, Series E, Series F
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E, Series F
- Dell Ventures (https://capitalatlas.ai/funds/dell-ventures) — Series E
- Anchorage Capital Advisors (https://capitalatlas.ai/funds/anchorage-capital-advisors) — Series E
- Hercules Capital (https://capitalatlas.ai/funds/hercules-capital) — Series E
- REV Venture Partners (https://capitalatlas.ai/funds/rev-venture-partners) — Series E, Series F
- Hewlett Packard Enterprise Development LP — Series E, Series F
- Hewlett Packard Pathfinder (https://capitalatlas.ai/funds/hewlett-packard-pathfinder) — Series F
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series F
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series F
- IBM Ventures (https://capitalatlas.ai/funds/ibm-ventures) — Series F
- Sanabil Investments (https://capitalatlas.ai/funds/sanabil-investments) — Series F
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series F