By now we hope you’ve seen the news: SingleStore has reached an agreement for a growth buyout with Vector Capital, a leading private equity firm with three decades of experience helping software companies grow and scale.
This isn’t a new direction — it’s an acceleration of the journey we’re already on. And for you, our customers, it’s all upside. Here’s why:
1. Nothing changes about who we are — or our commitment to you
“Our mission, vision and purpose are unchanged,” said Raj Verma, CEO of SingleStore. “My leadership team and I are continuing forward, and our focus remains exactly where it’s always been — on building the best database in the world for our customers.”
That means you can expect the same people, the same commitment and the same relentless focus on innovation — now backed by additional resources to accelerate our journey.
2. Stronger financial foundation, stronger partner for you
We’ve just closed one of our strongest quarters ever, with revenue reaching $123M, cloud growth at 47% (industry-leading) and four new Fortune 500 customers added. With Vector Capital’s investment, we’re doubling down on growth.
As Raj noted: “Everything that you like about SingleStore stays the same — we just have more resources and more help to raise the bar for you. It’s a continuation of the journey we’ve been on for many years, in accelerated fashion.”
3. A partner that believes in our technology — and in you
Vector Capital’s decision to invest was driven by deep conviction in both our technology and our customers’ success. “Your database technology is very, very special,” said Amish Mehta, Chief Investment Officer and Managing Director of Vector Capital. “In our diligence, we saw customers delivering incredible results and the highest net promoter scores we’ve encountered in 30 years of investing. The love that SingleStore’s customers have for the product is extraordinary.”
With Vector’s backing, we’ll accelerate product innovation and scale to meet your most ambitious goals.
4. Accelerating innovation for the AI era
AI is reshaping industries, and SingleStore is built for this moment. “SingleStore was AI-ready before AI became a reality,” Amish explained. “That positions SingleStore to help customers seize the opportunity in this generational shift.”
5. A long-term partner, not a short-term play
“This is a marquee investment for us — the largest in Vector Capital’s 30-year history,” said Amish. “We’re here for the long term, and we couldn’t be more excited to partner with SingleStore in building a multi-generational company.”
The bottom line? For our customers, this means more innovation, more investment and more momentum — all in service of helping you unlock the full power of your data.
The next chapter starts now, and we’re just getting started.
