Vector Capital to acquire a majority stake in SingleStore.

Vector Capital, a private equity firm, agreed to acquire a majority stake in SingleStore, a data platform for enterprise AI. Financial terms were not disclosed. “Our investment in SingleStore underscores Vector’s commitment to investing in category-defining technology companies and reflects the breadth and depth of our sourcing and deal making capabilities across the enterprise software and AI landscape. As the world’s best-fit database for applications which demand ultra-low latency with transactional and analytical requirements, we believe SingleStore has the potential to become one of the most important data platforms for the AI era and are proud to support its next phase of growth alongside an exceptional group of investors and shareholders," Amish Mehta, Vector Capital Chief Investment Officer and Managing Director.