Announced
Completed
Financials
Tags
Acquisition
Venture Capital
Software
Minority
Friendly
Private
Private Equity
United States
Completed
software development
Domestic
Synopsis
Insight Partners, a venture capital and private equity firm, led an $80m Series E funding round in SingleStore, a firm that develops and distributes software tools. Additional investors include Dell Technologies Capital, Hercules Capital, Accel, Anchorage, Glynn Capital, GV and Rev IV. “We received enormous interest in SingleStore from leading investors and we chose to work with Insight Partners for our next phase of hyper growth. It is exciting to partner with an investor of their caliber which has so much to offer to spur our future growth. This partnership is a validation that a changing of the guard in the database market is afoot. The challenges of today require a technology built to address the need for real-time insights at unprecedented speed and across hybrid, multi-cloud environments. Our partnership with SAS, the custodian of the most sought after and complex data workloads in the world, is validation of this market movement. I could not be more excited to partner with a company I’ve always greatly admired for both its software and culture. It is an honor and a privilege," Raj Verma, SingleStore CEO.
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