Author
Suresh Sathyamurthy
CMO
Company
SingleStore Half-Year Highlights + the Only Awards That Matter!
It’s been an amazing half year (our fiscal year starts in March) so far for SingleStore. The many newsworthy highlights include our collaboration with tech giant Intel; funding led by our customer, investor and financial sector leader Goldman Sachs; and the expansion of our exciting real-time features and capabilities.
We outshined major database competitors in a GigaOm performance and total cost of ownership study. We also launched the data intensity assessment to help customers understand the impact of data on their infrastructure in a self-service way.
Building on that momentum are our latest industry recognitions from Dresner Advisory Services and TrustRadius as well as a wealth of positive new customer feedback on Gartner Peer Insights. The only awards that matter are those that reflect the voice of the customer.
We are thrilled that both awards, Dresner and TrustRadius, are based on feedback from customers and users of the product. Rankings of suppliers that are heavily based on company size often get a lot of attention. But it’s really saying something when you get awards based on data from people who use and love your product.
Dresner Advisory Services 2022 Industry Excellence Awards recognized SingleStore as an overall Leader in Analytical Data Infrastructure (ADI). We earned spots in the top right in both the Customer Experience and Vendor Credibility models. The 2022 Dresner Industry Excellence Awards acknowledge companies that have achieved leadership positions in Dresner’s 2022 Wisdom of Crowds ADI study, which is based on data collected from end users and provides a broad assessment of each market including current usage, key drivers, technology priorities and future intentions. This Dresner award highlights our excellence in product/technology, sales and service, as well as value and confidence, which is also exemplified by our continuous growth.
This is the second consecutive year that Dresner has recognized SingleStore. In 2021, Dresner spotlighted our unrivaled innovation when it listed SingleStore as one of the Leaders in ADI.
I’m happy to report that TrustRadius has also recognized SingleStore for two consecutive years.
The TrustRadius Best of Summer 2022 awards recognized us for value, feature set and relationship in relational databases. This follows the four 2022 Top Rated Awards – in the relational databases, database-as-a-service, in-memory databases and operational analytics categories – that TrustRadius presented to us in May. TrustRadius also recognized us with 2021 Top Rated Awards in two categories: database-as-a-service (DBaaS) and relational databases.
TrustRadius CEO Vinay Bhagat noted the weight of awards and reviews like these, commenting: “In the age of the self-serve buyer, software buyers rely heavily on third-party sources. That’s why third-party reviews and awards from a trusted source like TrustRadius are so important.”
I couldn’t agree more! But enough from me, let’s hear what SingleStore customers are saying.
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![Making Real Time a Reality: 5 Things You Missed at SingleStore [r]evolution 2022](https://images.contentstack.io/v3/assets/bltac01ee6daa3a1e14/blt7e0a7dd14e76a381/6433d9070afb1c108e793e60/featured_making-real-time-a-reality.png?width=417)
Company
Making Real Time a Reality: 5 Things You Missed at SingleStore [r]evolution 2022
Life moves in real time, and the modern world expects real-time insights and action.
The foundation for making real-time real is your choice of database. The more complex the data plumbing, the longer it takes for you to ingest, analyze and act on data.
During our [r]evolution 2022 event that we recently hosted, we talked about how SingleStoreDB was built ground-up for real-time use cases, explained what it means to be real time, detailed innovations that enable data evolution, referenced research highlighting the performance and savings evolution benefits that are now possible, noted why businesses need (and some already have) a database for the data-intensive era and outlined the best path forward to achieving true real-time operations.
All the sessions are now available to view on demand at your own pace, but I thought it might be helpful to showcase five key takeaways from [r]evolution 2022.
One: It’s time to get real about real time.
As SingleStore CEO Raj Verma explained, there is a lot of noise going around in our market about real time. Raj helped to clear the air so that people can more easily differentiate real, real-time database companies from businesses that talk the real-time talk but cannot walk the walk.
Shireesh Thota, SingleStore’s Senior Vice President of Engineering, explained that the modern data stack is broken. The complexity of these transformations, he said, lead customers to build a lot of siloed enterprise architectures, and what ends up happening is that the time to insight is much longer. So there’s a need to shorten the time between the moment a transactional piece of data enters the system and when the business can gain insights.
Real time needs fast technology. But what makes a database fast is not really query optimization, as Raj noted — it’s the storage architecture. Our three-tier storage architecture — memory, disk and object store — empowers customers with response times within milliseconds. Our unification of different data models (relational, key-value, time-series, geospatial, full-text search, document, etc.) allows customers to do most work using a single platform rather than having to stitch together databases. And SingleStore pioneered the unification of transactions and analytics in one engine enabling ultra-fast ingest and time to insights. All that provides SingleStore customers with speed, scale, savings, resilience and reliability that are beyond compare.
Two: SingleStore continues to innovate.
Despite our leadership position, we are not resting on our laurels. SingleStore continues to innovate. At [r]evolution 2022, we detailed our expanded SingleStoreDB capabilities, which are based on three pillars: enterprise scale, developer experience and real-time analytics.
Workspaces is among the recently released SingleStoreDB features. It enables enterprise scale by allowing our customers to build isolated compute workspace environments that can be attached to the same database on demand. That means a company could, for example, build BI dashboards, point-in-time sales and other applications all on the same data — without having to move the data and without introducing latency or adding cost.
Developer experience is also near and dear to our hearts, and we understand that WebAssembly (Wasm) is popular for building highly efficient applications and has amazing characteristics such as portability and safety. So, we have deeply integrated Wasm into our Code Engine. Now developers don’t have to move data and worry about latency and other challenges that data movement creates.
In our latest real-time analytics innovations, we introduced flexible parallelism, which enables queries to take advantage of all available hardware and run on all cores. This is very useful for complex queries. Some customers have benefited from performance increases approaching 4X from this feature. Our Power BI Connector is now certified by Microsoft, so SingleStoreDB users don’t need any third-party extensions. And our dbt adapters help developers to build workflow environments.
Three: A unified database improves performance and yields savings.
Not only does a unified database enable real-time speed, but it also delivers major savings.
You don’t have to take our word for it, as Raj said. Just look at the stellar results that SingleStore achieved in the recent performance and total cost of ownership benchmark study by GigaOm.
The independent report by the respected tech analyst firm found that SingleStoreDB is 50% more cost-effective over three years than the Snowflake-MySQL stack. GigaOm said that organizations can achieve 60% savings over three years using SingleStoreDB as opposed to a Redshift-PostgreSQL stack. And GigaOm said that we are up to 100% faster than Redshift for TPC-H workloads. What’s more, SingleStoreDB is one of the only databases that can do TPC-H and TPC-DS competitively with cloud data warehouses and TPC-C benchmark in a very reasonable scale.
Four: Data intensity is here to stay — you can succumb to it or use it to thrive.
Almost all applications depend one way or the other on data, and the data requirements of applications are becoming more and more rigorous. As SingleStore Chief Innovation Officer Oliver Schabenberger explained during [r]evolution 2022, that’s a sign of data intensity.
Data intensity depends on many factors, including (1) data size, (2) speed of ingestion, (3) latency requirements, (4) complexity and (5) concurrency. Such factors lead many companies to add one database after another to address these considerations and add functionality. Unfortunately, that leads to highly complex systems, based on a multitude of technologies, that are difficult to maintain and nearly impossible to scale. But there is a better way.
SingleStore’s general-purpose, cloud-native database for transactional workloads that has multi-model capabilities and is built for speed allows organizations to address data intensity without complexity — and that is a measure of digital maturity. Leading companies such as Uber, Comcast and ARMIS use SingleStore to solve data-intensive problems every day.
Visit SingleStore.com and use our data-intensity calculator to get your data intensity score, based on the five dimensions we've noted.
Five: Leading companies are evolving and succeeding — and you can, too.
SingleStore helps businesses thrive in today’s data-intensive, real-time environment. Just look at what SingleStore customers and [r]evolution speakers Siemens and Impact have achieved:
“With the stack we were in before, as much as we tried to optimize data, structures and SQL itself, we couldn’t get report run times to go under two seconds,” said Mauricio Aristizabal, principal data architect at Impact, “whereas with SingleStore we’ve been able to address all the different reporting needs in sub-second times. So, that was the main requirement – to be able to deliver a positive human experience and delight our customers. Now that we’ve adopted SingleStore as our full data warehouse, we are able to serve all other workloads. Being able to have data in one place and serve all kinds of different tenants and workloads is just wonderful.”
Christoph Malassa, head of analytics and intelligence solutions at Siemens, said this about his SingleStore experience: “We now have the ability to do analytics on data volumes that we couldn’t do in the past. We are now doing more and more advanced analytics live. The analytics that you can now do give you way more insight. This is tremendous for the business. And the process improvements that SingleStore enables makes it a lot easier for us to innovate faster.”
Uber is another leading company that uses SingleStore to solve data-intensive problems every day. It employs SingleStoreDB to get real-time analytics on riders and drivers 24/7.
It makes me immensely proud that, in our own small way, SingleStore is helping deliver great customer experiences and timely insights that improve people’s lives.
See if SingleStoreDB is right for you by trying it for free. Check out our customer reviews on Gartner Peer Insights and TrustRadius. And of course, explore the SingleStore [r]evolution sessions on demand here.
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Company
It’s a Pivotal Time for Data and Disruption — and SingleStore Is Leading the Way in the Cloud
The database industry is at a critical stage in its evolution. Major forces – including an increase in data intensity and the rise of new, demanding applications and low-latency, high-concurrency needs — are causing a disruption in how data is managed.
Demand has never been higher for a database that is fast, enables accurate decisions, and reduces cost and complexity. Many organizations need an ultra-fast modern database that is built for the cloud, scalable, supports any data model and is based on a relational foundation.
A disruptor in the cloud database market, SingleStore delivers on all fronts. The SingleStore database is scalable, relational, multi-model, and works in cloud and on-prem environments. And now, providing further proof that we are a disruptor in the field, we have won the Most Innovative Use of Data in the cloud category of the Cloud Awards.
The Cloud Awards program is one of the longest-standing and most influential platforms for organizations to gain recognition for their cloud-based offerings, celebrating success since 2011. This year, SingleStore was recognized by the Cloud Awards for our work with Fathom Analytics, a privacy-first alternative to Google Analytics that powers data-driven marketing organizations of all sizes around the world through its next-generation web analytics service.
With our help, Fathom was able to consolidate its four databases — from Amazon, Elastic, MongoDB and Redis — and instead use SingleStore as its primary database. As a result, Fathom reduced 20-plus-minute processing times for some of its biggest customers and datasets down to just 100 milliseconds — representing a staggering improvement of 12,000x. The data is now fully real time. Additionally, Fathom customers can now filter data on any field they wish.
We are also excited to be recognized in The Cloud Database Report as a cloud database leader.
Senior analyst John Foley uses the following criteria in assessing the field of cloud database providers:
Cloud-native architecture. The cloud database services are designed to work across hybrid and multi-clouds, and integrate with other cloud-based infrastructure.Enterprise capabilities. Vendors with a complete range of services and support that enterprises may want or need. Fully managed services are a plus.Platform adaptability. Tools, services and APIs for data integration/migration and application compatibility are must-haves.Innovation. A steady pipeline of new, modern, differentiating capabilities.Demonstrated business value. Customer success is the No. 1 proof point.
The Cloud Database Report notes one of our key differentiators is our “multi-model SQL database supports transactions, analytics, [and] various data types.” John also explained that our “emphasis on ‘data intensity’ and converged workloads in one system is compelling.”
This all highlights our continued momentum as a leader in the cloud database arena, following our 2021 debut in the Gartner Magic Quadrant for Cloud Database Management Systems (CDBMS), and our 2020 Cloud Awards The Best SaaS Innovation for The Internet of Things win.
As we equip more and more organizations with a scalable, real-time, multi-model, high-performance and cost-effective database, it has become increasingly clear that SingleStore’s mission to challenge the fragmented cloud database market and streamline the way that companies store and process data is a winning approach, both for us and our customers.
We look forward to continuing to guide the way as a leading cloud database provider at a time in which organizations and customers need powerful — but simple solutions — more than ever.
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Company
SingleStore Recognized in the Gartner Magic Quadrant
SingleStore, the only database you will ever need, makes its Gartner MQ DebutA Big Thank YouYesterday SingleStore achieved a significant milestone. We made our debut in the Gartner Magic Quadrant for Cloud Database Management Systems (CDBMS). This is very exciting for us. DB-Engines.com lists 360 database vendors, only 20 of those made it onto this esteemed list.
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Company
SingleStore: Scaling Up With Hypergrowth, Customer Centricity, Continuous Innovation
SingleStore is proud to be a scaleup — and a catalyst for economic growth — at this pivotal time. Three key components of the SingleStore scaleup story: hypergrowth, customer centricity and continuous innovation.
Tech start-ups have created great excitement and opportunity in the past three decades. But what’s even more exciting and important to the global economy at this time is scale-ups. I have spent most of my career in large companies. Prior to my coming to SingleStore, the smallest company that I had worked at had a \$50 billion market cap. Various factors attracted me to SingleStore including the product differentiation, the people and the data market opportunity. The one that was the most compelling was the fact that it was not a start-up, but a scale-up.
Scale-ups are companies that have exhibited significant revenue growth and employment growth over the last three years, according to Insight Partners. Scale-ups have tested business models and validated products in the market, are economic powerhouses that fuel job creation, innovation, and have an outsized impact on the global economy through job retention and growth during periods of economic distress.
SingleStore is proud to be a scale-up — and a catalyst for economic growth — at this pivotal time. And I’m thrilled to share new proof points that highlight the three key components of the SingleStore scaleup story: hypergrowth, customer centricity and continuous innovation.
Hypergrowth
Growth is tangible proof that a company and its technology are differentiated in the marketplace. It indicates that an organization works as an execution engine tuned for growth, from the way its product operates and adds value through to its go-to-market strategy.
In the last year since our rebrand, SingleStore has grown tremendously in more ways than one. In fact, the San Francisco Business Times just ranked us #35 in its annual list of the Fastest-Growing Private Companies in the Bay Area. As companies become larger, growth typically slows down. Not for SingleStore, we were ranked #59 on the same list last year and are now at #35.
This signals that SingleStore’s modern cloud database for all data-intensive applications continues to gain momentum. But it’s just one of the recent recognitions of our growth.
Inc. magazine in August included us in its annual list of the 5000 fastest-growing private companies. This came just a few months after The Financial Times ranked SingleStore 188 out of 500 on its The Americas’ Fastest Growing Companies 2021 list. SingleStore serves half of the top 10 banks, 12 of the Fortune 50, two of the top three telcos and many tech innovators.
Customer Centricity
Meeting and exceeding customer expectations is the only sustainable source of having a competitive advantage. So, when customers take the time and effort to share stories about how we help them improve their own performance, it is extremely gratifying. It also enables others to make the best choices in selecting a database that addresses their current and future requirements.
That’s why we are so honored to be among the winners of the second annual TrustRadius Tech Cares Award. We also greatly appreciate our customer reviews. Here is one of my favorite comments, from a user at Siemens: “We have not found an analytical database faster than SingleStore.'' These reviews are a testament to our culture and focus on customers.
Continuous Innovation
Continuous innovation has enabled us to deliver this game-changing performance via a modern database that is distributed, cloud-native, multi-model and has a relational SQL foundation.
Separation of storage and compute was previously only available in data warehouses. But SingleStore was the first to make it available in a single database for transactional and analytical workloads.
Our universal storage patent is yet another proof point of SingleStore’s continuous innovation. Universal storage with multicolumn key support means that customers don’t need to separate operational and analytical systems. As a result, developers no longer have to extract, transform and load (ETL) data to a data warehouse to perform analytics. The result is a single platform that makes queries run faster, decreases complexity and allows for a better price/performance ratio.
These innovations are exciting because we’re now seeing an increasing desire to gravitate back to more general-purpose databases after years of companies introducing an explosion of specialized datastores like document databases, graph databases, columnar databases, in-memory databases, key-value stores, streaming platforms, search engines and more. As one of our customers eloquently put it “SingleStore, the only database you’ll ever need.”
Finally, analyst firm Intellyx presented us with the 2021 Digital Innovator Award in October. Intellyx, which is focused on digital transformation, adds that “we’re only interested in talking to vendors that are the most disruptive, interesting and customer value-generating.”
Join Us
SingleStore is fully committed to continuing to add value for customers, engaging employees and staying ahead of the innovation curve to allow enterprises to be faster and more successful.
Want to jump onto our rocket ship and be part of the data revolution? We’re hiring - visit our career website.
Ready to experience the power of SingleStore for yourself? Try out SingleStoreDB Clouds for free.
Suresh Sathyamurthy is SVP Marketing and Growth at SingleStore
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Company
SingleStore Raises $80M, Delivers Cure for Database Sprawl
The pace of global business increases every day, and all business is now fundamentally data-driven.
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Product
SingleStore Industry Recognition - From Analysts and Customers
In this blog post, Suresh Sathyamurthy, SingleStore's SVP of Marketing & Growth, talks about his first few months in his role - celebrating industry recognition, positive peer reviews and SingleStore’s amazing customers.
It's been just over a couple of months since I joined SingleStore to lead marketing and product-led growth initiatives. As I considered this job opportunity, I was fortunate to talk to one of the SingleStore customers to understand how and why they chose SingleStore over the many databases that are in the market. The CEO of this marketing analytics dashboard company indicated that after evaluating six other databases they realized SingleStore was the only one that met their performance, price, scale and ease of use needs for their data-intensive product. I knew we were on to a ground-breaking solution that solves important business challenges and convinced me to join the company.
My team works hard every day to inspire and inform customers about SingleStore. But what is more gratifying is when customers and industry analysts talk about us. When customers and leading tech research and advisory firms recognize your company with best-in-class, industry excellence and top-rated awards, and identify your platform as among the industry’s most significant, it is icing on the cake.
Take the example of Jack Ellis who called SingleStore the “database of our dreams” to build Fathom Analytics, the world fastest website analytics platform (and even wrote a blog on it here). These customers are not the only ones. You can read about more here.
Dresner Advisory Services recently recognized SingleStore with both an Industry Excellence Award and 2021 Best in Class designation. The advisory firm named SingleStore an Overall Leader in Analytical Data Infrastructure (ADI), placing us in the top right quadrant in both its Customer Experience and Vendor Credibility market models. This comes about six months after Dresner Advisory Services listed us as a leader in customer experience and vendor credibility, noting our perfect recommendation score and highlighting our best-in-class capabilities.
Also in July, Forrester identified us as among the most significant multimodel data platform providers. The Forrester Wave™: Multimodel Data Platforms, Q3 2021 called us “a strong performer”, and said “SingleStore has good query and access capabilities and drop-in replacement capability for MySQL and MariaDB.” It also noted our support for “diverse data models.”
But wait, there’s more! Shortly after I came aboard, TrustRadius recognized SingleStore with a 2021 Top Rated Award in Database-as-a-Service (DBaaS) and Relational Databases categories. The firm based this award on reviews from verified users from the TrustRadius community.
Another indicator of peer success comes by way of our Gartner Peer Insight Reviews, a place many technology decision makers look to for candid customer feedback. SingleStore is grateful for having received numerous 5/5 star reviews from customers on this review site.
My first few months at SingleStore have been amazing. I look forward to helping SingleStore keep its culture of innovation – resulting in customer and industry recognition – going. These recognitions are a reflection of our customer focus. We are on a mission to solve tough challenges and enable developers to build data intensive products and applications in a faster, better, simpler and more cost effective way. I know I speak for the entire SingleStore team in thanking Fathom, Dresner, Forrester, and the customers who contributed peer input to Gartner and TrustRadius, for recognizing some of the capabilities that we believe make us unique and help us deliver value to our industry and the SingleStore community.
If you would like to learn more about SingleStore, I invite you to try the product at no cost. If you are interested in joining SingleStore, we are growing fast and actively seeking new talent across all the functions of our organization.
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