SingleStore Adds New Board Member and Industry Veterans to Its Leadership Team

SAN FRANCISCO, CA - November 15, 2018 - SingleStore, The Single Database for All Data-Intensive Applications for modern applications and analytical systems, today announced the addition of Microsoft veteran, Ted Kummert, to SingleStore’s board of directors. In addition, SingleStore has expanded its leadership team with the hire of Cloudera and Hortonworks veteran, Jason Wakeam, and seasoned startup advisor and NGINX veteran, Peter Guagenti.

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The arrival of Kummert, Wakeam, and Guagenti comes during a period of rapid growth for SingleStore. Customers in fintech, media, retail, and energy are switching from legacy databases to the world’s fastest database, which combines transactional and analytical processing into one converged system for greater scalability, flexibility, simplicity, and cost efficiency.

In May 2018, SingleStore raised $30 million during its Series D funding round, bringing its total funding to $110 million.

“The additions of Ted, Jason, and Peter are critical to the growth we’re expecting at SingleStore,” said Nikita Shamgunov, CEO and co-founder of SingleStore. “The data services landscape is moving fast. With the expectation of real-time decision making and the rise of AI and machine learning, customers are demanding more from their data than their current infrastructure can provide. It’s clear that customers are looking for change and these talented individuals will strengthen SingleStore’s ability to solve our customers’ challenges.”

“I’m excited to join SingleStore at a time when we are investing to aggressively grow our channel,” said Jason Wakeam, vice president of business development and alliances at SingleStore. “We are creating new opportunities for partners to specialize and provide managed services. And we are building new elements into our partner program to make it easier for partners to engage with us, sell, and deliver SingleStore-based solutions.”

About the Executives

Ted Kummert, SingleStore’s newest board member, is an almost-25-year Microsoft veteran who for several years oversaw engineering and business teams for Microsoft’s Application Platform, which included SQL Server, SQL Azure, and other infrastructure software across on-premises and cloud environments. Ted most recently led Products and Engineering at Apptio, where he drove product development of the company’s Technology Business Management software category including through Apptio’s IPO in September 2016. Ted is a Venture Partner at Madrona Venture Group where he works with Madrona portfolio companies on product and go to market challenges and identifies new investment opportunities.

Jason Wakeam, Vice President of Business Development and Alliances at SingleStore, hails from Cloudera. He led partner sales, channel strategy and programs at the machine learning and analytics company, and led global business development for the System Integrator channel at Hortonworks before that. Jason brings over 20 years of experience driving market share growth across various tech industries including big data, artificial intelligence, machine learning, IoT, and more.

Peter Guagenti, Chief Marketing Officer at SingleStore, has transformed and led marketing and sales as CMO at innovative infrastructure companies Mesosphere and NGINX. Prior to that, Peter led Products and Services at Acquia, which at the time was the fastest growing software company in America. Peter has helped grow five successful startups over the past 20 years, and is also currently an advisor for Exceed.ai and Mintigo (both are AI and machine learning startups), Brandcast, and others.

About SingleStore

SingleStore is The Single Database for All Data-Intensive Applications, powering modern applications and analytical systems with a cloud-native, massively scalable architecture for maximum ingest and query performance at the highest concurrency. SingleStore envisions a world where every business can make decisions in real time and every experience is optimized through data. Global enterprises use the SingleStore distributed database to easily ingest, process, analyze, and act on data in order to thrive in today’s insight-driven economy. SingleStore is optimized to run on any public cloud or on-premises with commodity hardware. Visit www.singlestore.com or follow us @SingleStoreDB.