SingleStore Fuels Triple-Digit Cloud Growth with $80M in New Funding

08 Sep, 2021

SingleStore Fuels Triple-Digit Cloud Growth with $80M in New Funding
Photo by Glenn Carstens-Peters on Unsplash

– SingleStore, the single database for all data-intensive applications, announced that it has raised $80m in its Series F round.
– The round was led by Insight Partners with participation from new investor Hewlett Packard Enterprise.
– Existing investors Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures also participated.
– SingleStore indicated that the 300%+ increase in new customer acquisition for its cloud service and 150%+ year-over-year growth in cloud revenue led to raising a new round to continue to power innovation and growth.
– The Series F round brings SingleStore’s total funding to $264m.

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