As we start the new year, we wanted to share a few highlights of customer, product and developer community news from SingleStore in 2021. It has useful information for learning about distributed SQL databases, data-intensive applications and the outcomes developers are achieving, so you may want to bookmark this post. To learn more about SingleStore company milestones this past year, check out our CEO Raj Verma’s post.
Customers Delivering Data-Intensive Applications
In 2021, we added the most new customers ever in the company’s history, expanded use significantly with existing customers and celebrated some customers’ IPOs. The new customers are innovators in industries like fintech, gaming, media, communications, marketing technology and cybersecurity, and are providing modern data experiences to their customers. The common challenge they faced was how to cost-effectively solve for data intensity. Their data-intensive use cases — like operational analytics, in-product analytics, portfolio analytics, fraud prevention, gaming telemetry, real-time esports analytics, real-time marketing analytics and algo trading — all demanded a new approach to the cloud data stack that solved for the crucial time-sensitive moments and digital experiences their own SaaS products demanded.
The common obstacles they needed to solve were data bottlenecks across several dimensions: data size, speed of ingestion, latency, query complexity and concurrency. When an application exhibits two or more of these challenges simultaneously, we call these data-intensive applications. SingleStore is the industry’s first cloud database built for data-intensive applications.
We also saw an increase in adoption of hybrid cloud deployments for SingleStore. Our fully-managed cloud database service (DBaaS) is now in its third year of availability on AWS, Azure and GCP — but in 2021, we introduced a hybrid cloud deployment option. SingleStore can now be deployed in a hybrid cloud configuration where you get the full capabilities of the product (e.g., separation of storage and compute with Unlimited Storage) but separate the administration from the data. This allows you to have the best of both on-premises and multi-cloud worlds. The hybrid cloud deployment allows you to own the data plane in any Kubernetes environment including your own data center, AWS VPC, Azure VPC or GCP VPC, and connect to the SingleStore control plane. The data plane contains your data and the nodes of the database, while the administrative control plane is hosted by SingleStore. The benefit of this is that customers can keep their data in their existing environments. Customers in diverse verticals such as energy, sharing economy services, accounting and financial services are now running their SingleStore databases in the hybrid cloud, or are in the early stages of adoption.
We are delighted that a few customers agreed to share their data-intensive success stories publicly with the SingleStore community this year, especially since so many view SingleStore as the secret weapon in their strategic cloud data stack. We love hearing how our customers are making use of the unique properties of SingleStore’s modern cloud database in their organizations, and we hope you find these kinds of stories informative and inspirational:
We also celebrated the IPOs of several SingleStore customers in 2021. We are grateful to be a part of their success and their modern cloud data stacks:
Launching Mission-Critical Capabilities
The product innovations developed in 2021 have been remarkable. The development focus for the year was to advance the product to better serve enterprises’ mission-critical scenarios for their applications. SingleStore has been well-known as a fast database for real-time analytics since its early days as MemSQL. But in the last few years, the product has improved its ability to store and process diverse streaming data for low-latency analytical workloads, while simultaneously expanding to capabilities heretofore only seen in cloud data warehouses and operational databases. This expansion to better support a widening array of workloads is part of a larger data management market trend that SingleStore is leading — and disrupting the old guard of the last 50 years of on-premises databases, as well as the last 15 years of cloud databases.
Multiple industry analysts have identified this technology unification trend from different vantage points. Stephen O’Grady from RedMonk remarked that the market is searching for capabilities now in a new kind of modern general purpose database. Rick van der Lans has explored the question of whether unified databases make polyglot persistence irrelevant. Mike Gualtieri and Noel Yuhanna from Forrester have been covering two specific parts of the unification trend with the Translytical Data Platform, combining operational and analytical workloads, and the Multimodel Data Platform, which combines diverse data models and data types in a data platform. And Gartner continued its coverage of Cloud Database Management Systems in the Gartner Magic Quadrant released in December, covering both operational and analytics capabilities across a single cloud database market.
They used to call this transactional and analytical unification HTAP, but have since redefined it to cover an augmented set of capabilities that includes machine learning. SingleStore was recognized in this year’s Gartner MQ for cloud database systems for the first time. Some folks in the industry talk about this database unification trend in the future tense but at SingleStore, the future is already here, to riff on William Gibson.
SingleStore has developed unique innovations to achieve simplicity, power, and cloud resource and cost efficiency in a single general-purpose modern cloud database while avoiding the need for difficult tradeoffs for diverse application workloads. The company was awarded patent # 11,068,454 in July for one of those innovations, Universal Storage, which was declared feature-complete last summer.
Here are some more of the mission-critical enterprise SingleStore product capabilities launched in 2021:
That’s a big list, so I encourage you to check out the summer announcement and its release notes, as well as the fall announcement and its release notes. Of course, if you like to sit back, watch and listen,check out the accompanying webinars.
Building the Developer Community
TikTok much? If not, you may find that’s a channel that is expanding quite a lot. You’ll find our Developer Advocate Joe Karlsson here, there and everywhere. It’s just one additional channel we expanded into to meet, educate, support and learn from our growing developer community where they already are. We expanded the Community and Developer Relations teams, and began collaborating with Engineering’s Launch Pad team. Here are just a few of the milestones these teams have achieved together this past year:
We are giddy with excitement about what’s in store for 2022. Across community, customer and product we have big plans this year and we will be sharing a lot over coming months. We are on a mission to bring together modern data to make it work for you in the moments that matter to your customers. We simplify data architectures so you can avoid the burden of stitching multiple datastores together, and maintain them to meet your data-intensive challenges. We were built for this moment: SingleStore is the industry’s first cloud database built for data-intensive applications, and it’s a great time to join us. You can do that by joining our developer community or the company…or both! We are rapidly growing in Engineering, Marketing, Sales and other areas. You’ll find all of the open positions on our Careers page. Be part of the data revolution with SingleStore!