SingleStore Raises $116M in Series F
SingleStore has successfully raised $116M in a Series F at a $1.4B valuation led by Accel, GV, IA Ventures, Khosla Ventures, Revolution Growth.
Company Overview
SingleStore is a Database company headquartered in 525 Brannan Street, San Francisco, CA 94107, founded in 2011 with 400+ employees.
Real-time distributed SQL database
Fundraising Details
- Amount Raised: $116M
- Round Type: Series F
- Valuation: $1.4B
- Date: 2024-09-25
- Investors: Accel, GV, IA Ventures, Khosla Ventures, Revolution Growth
About SingleStore
Real-time distributed SQL database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 525 Brannan Street, San Francisco, CA 94107
- Founded: 2011
- Team Size: 400+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in SingleStore's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. SingleStore's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.4B valuation marks an important milestone for SingleStore, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, SingleStore is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-09-25. For more information about SingleStore, visit their headquarters at 525 Brannan Street, San Francisco, CA 94107.
