SingleStore Announces $80 Million Series E Investment, Global Strategic Relationship with Analytics Leader SAS
SingleStore Announces $80 Million Series E Investment, Global Strategic Relationship with Analytics Leader SAS
12/08/20, 2:10 PM
Money raised
$80 million
Round Type
series e
SingleStore, The Database of NowTM, today announced $80 million in new funding and a partnership with advanced analytics leader SAS. Insight Partners led the Series E round, with participation from new financial investor Dell Technologies Capital and equity participation from Hercules Capital. Existing investors Accel, Anchorage, Glynn Capital, GV and Rev IV also participated.
Company Info
Additional Info
The company, which was co-founded by high school friends Jacky Koh and Daniel Vassilev in 2020, is building a developer-centric “vector” platform that enables companies to develop AI models to extract insights from unstructured data quickly, with next to no labelling or algorithm training required.