SingleStore and Vector Capital close growth buyout to accelerate Enterprise AI Innovation

SingleStore has announced the closing of its growth buyout with Vector Capital, marking a significant milestone in its development. This partnership provides SingleStore with the resources and strategic support to advance its mission of powering AI applications with a database designed for real-time speed, scale, and simplicity. The company has experienced impressive growth, with a 34% increase in Total Net New ARR, 200% growth in new logo ARR, and an 80% rise in managed/cloud services ARR in the past quarter. This collaboration with Vector Capital aligns with the shared vision of building data platforms that deliver ultra-low latency for transactional and analytical workloads, positioning SingleStore to accelerate its progress in the evolving AI landscape. The leadership expresses gratitude to Vector Capital, employees, investors, customers, and partners, emphasizing that this transaction is a launchpad for future growth.