Company
Date Published
Author
Suresh Sathyamurthy
Word count
822
Language
English
Hacker News points
None

Summary

The modern digital services economy requires businesses to respond to customer requests in real-time and access business insights on a second-by-second basis, driving the creation of massive volumes of data. To keep up with these demands, traditional databases are being wire together, but this approach carries a high cost of maintenance and creates database sprawl. SingleStore's multi-model, multi-cloud database is designed to address these challenges, providing a single database that can handle multiple types of data workloads. The company has seen significant growth, including a 300%+ increase in new customers for its managed service offering and 150% YOY growth in cloud revenue, with investors doubling down on the company's Series F round led by Insight Partners and Hewlett Packard Enterprise. SingleStore's customers include Uber, Thorn, and IEX Cloud, who have seen benefits from using the database to solve critical issues and improve their operations. The company plans to continue innovating and pushing the boundaries of data science to bring more capabilities to its customers, with a focus on supporting builders and enterprise customers.