SingleStore has signed a debt facility with Hercules Capital for up to $50 million, providing non-dilutive financing to accelerate growth, following its impressive 70% annual recurring revenue (ARR) growth in FY20. The company is backed by prominent venture capital firms such as GV and Khosla Ventures, and has hundreds of enterprise customers, including those within the Fortune 500. SingleStore's converged data platform delivers breakthroughs for modern data workloads, with a strong focus on customer success and community involvement. This structured investment from Hercules represents a significant commitment to support SingleStore's growth-oriented strategy, with Steve Kuo noting that the company is "one of the promising companies in the database market".