SingleStore
What is SingleStore
Singlestore is a cloud-native database designed to power data-intensive applications. Notable clients include Hulu, Uber and Comcast.
Over the past year, San Francisco-based company has experienced rapid expansion. It has nearly doubled its headcount and opened offices in Ireland and Singapore.
What it does
SingleStore is a venture-backed San Francisco company specializing in data storage, analysis and retrieval. It’s best known for its high-performance DBMS. However, they also make other products like an easy one-click database migration tool, cloud backup service and web-based data access dashboard that enterprises looking for improved security will love. What’s more? With their grand headquarters located in San Francisco as well as offices around the globe, SingleStore may soon be on its way towards IPO glory within a few years.
Why it’s valuable benefits and advantages
Data management and analytics play an integral part of any successful business. Businesses that utilize data analytics are more likely to achieve long-term success.
Singlestore provides vastly superior performance to traditional SQL databases like Oracle and SQL Server, while still adhering to ACID compliance. As a result, it has become an attractive option for data-intensive applications like customer profile/loyalty management, real-time marketing, streaming media telemetry, portfolio analysis, fraud detection, user personalization, IoT analytics and more.
Helios, the company’s database-as-a-service offering, is now available across multiple regions on AWS, Microsoft Azure and Google Cloud Platform. It is a fully managed SaaS database that provides superior operational analytics, machine learning and AI capabilities at a fraction of the cost of other enterprise grade databases.
If you need to accelerate data, reduce costs or enhance application performance, Singlestore is the perfect solution for your organization. Its self-managed operational database ingests and analyzes data continuously in real time to power applications while keeping costs low. Deploying and managing Singlestore is simple; plus it comes with a full range of features designed with data architects and developers in mind – which explains why more than 50 companies worldwide rely on it for their cloud-first products.
How it works
SingleStore is a database-in-a-box that lets you store all your data in one central location. It uses what’s known as a unified storage and query architecture to process one trillion rows per second and ingest billions of rows an hour. The company is backed by Goldman Sachs, GV, Accel, Insight Partners and DCVC; its most famous customer being Heylink – an app that uses Big Data analytics to improve performance and boost downloads. Moreover, SingleStore boasts other advantages like cloud-based management system and large user community.
Utilizing a scalable data platform that can support the needs of your business is beneficial. This will enable you to make informed decisions about how best to grow and what products and services to offer customers. This includes implementing new technologies to streamline processes and incorporating data from multiple sources into analytics and business intelligence (BI) tools.
What it replaces and improves
SingleStore revolutionizes the way companies store, manage and analyze large amounts of data – for everything from financial analytics to customer segmentation and targeting applications. We help customers build and scale high-performance analytics platforms that stand out from their competition, provide superior experiences to internal teams and external communities, and fuel business growth even during challenging economic periods.
Comcast, for instance, needed a fast analytics platform to capture and analyze 300,000 network events per second from cable modems being installed on its network. This accelerated data collection and analysis allows technical service reps to identify customers who require assistance and reach out with support proactively. In Q2 2021 alone, Comcast reported a 22% reduction in truck rolls due to this strategy.
Kurtosys, a leader in the financial services industry, uses SingleStore exclusively. This results in faster performance and simpler management across transactions and analytics – with an 80x improvement over its original architecture using Couchbase. Kurtosys now delivers world-class sales and marketing experiences for customers and clients. These benefits can also be applied by other businesses that need to scale rapidly without limits on time or capacity – like oil/gas companies or IoT firms with large amounts of changing data.
Why it is unique
SingleStore was created by an innovative team of technologists and product tinkers, including some of the world’s top experts in data warehousing. With its portfolio encompassing data management, analytics and machine learning solutions, SingleStore assists companies in creating better products and services for their customers while making building a scalable and dependable data platform simple.
The company boasts an impressive list of partners, such as IBM/Red Hat, Virtusa, Fiserv, InfoSys and Tata. This wide array of firms has allowed the business to blossom into what it is today: an industry leader in big data storage and analysis.
SingleStore is a database management system that lets you ingest, analyze and store data in any format across your organization’s systems – including relational SQL, geospatial, full-text search and JSON. It also features an intuitive user interface as well as an extensive API. SingleStore’s cloud database technology offers companies the capacity to scale their databases across multiple environments and cloud platforms at lower costs with simplified IT operations and faster product development cycles. This translates to lower total costs of ownership through more streamlined IT operations and agile product development processes.
What is on the roadmap
SingleStore’s roadmap calls for further investment in its distributed SQL capabilities and real-time analytics. Furthermore, the company is improving user experience and entering new markets.
On SingleStore’s roadmap, one of the key highlights is an upcoming release that introduces Universal Storage ™ and fast synchronous replication. These features can help organizations reduce total cost of ownership while offering a more operationally flexible environment.
The company also plans to enhance its Pipelines feature, which allows users to ingest data from external sources simultaneously. This tool works by bypassing the aggregator and loading data directly onto SingleStore leaves, improving throughput by up to 30%.
SingleStore recently unveiled a Spark Connector and Streamliner integration, making it easier to implement Apache Spark for real-time applications. The Spark Connector provides an optimized connection to SingleStore while Streamliner streamlines data movement from SingleStore into Spark.
SingleStore’s recent fundraising round of $116 million, led by Goldman Sachs and including Sanabil, Dell Technologies Capital, Google Ventures and Hewlett Packard Enterprises, shows that the vendor remains optimistic about its prospects. Unfortunately, current market conditions make securing funding more challenging for tech entrepreneurs.
SingleStore, founded as MemSQL in 2011 as a cloud database management system, has raised $30 million to extend their Series F funding round. New investors including Prosperity 7, the venture arm of Saudi Arabian oil company Aramco, joined this round, bringing SingleStore’s total fundraising to date up to $412 million.
Raj Verma, CEO of SingleStore, stated that the new capital will be put towards product development and engineering projects. Furthermore, it will enable them to fund global expansion with an emphasis on Asia and Europe.
He noted that the additional funding is essential as SingleStore strives to build on its success with the recent release of its 8.0 database, featuring faster analytics and enhanced developer experience. Furthermore, this round of financing will enable the vendor to expand its sales team and bolster marketing initiatives.
Madhukar Kumar, a veteran of DevRev and other tech companies, has joined SingleStore as Chief Marketing Officer. Previously the head of growth and marketing at DevRev, he has extensive experience building product-led growth (PLG) engines. In addition to his background in new product development, he has spoken at technology conferences on databases and PLG topics.
Frequently Asked Questions
What is Singlestore? Singlestore is a cloud-native database designed to power data-intensive applications. It enables organizations to easily access and analyze large quantities of data quickly, reliably and cost-effectively.
What companies use Singlestore? Notable clients include Hulu, Uber and Comcast. The company has also experienced rapid expansion over the past year and opened offices in Ireland and Singapore.
What are the key features of Singlestore? Singlestore offers a range of features including scalability, high performance, flexibility, security, automation and disaster recovery. It also provides enhanced analytics, multi-cloud support and data replication capabilities.
How does Singlestore differentiate itself from other databases? Singlestore stands out with its caching, query optimization and real-time access capabilities, as well as its indexing, compression and replication features. It also offers multi-tenancy, high availability and low latency capabilities.
What kind of support does Singlestore offer? Singlestore provides open source support, making it easy to integrate with existing applications. It also offers streamlined data management and multi-cloud support for scalability and flexibility.
How secure is Singlestore? Security is a top priority for Singlestore and they utilize built-in security measures, such as encryption and access control, as well as automated monitoring to ensure data security.
What kind of pricing plans does Singlestore offer? Singlestore offers flexible pricing plans to meet the needs of all types of organizations, ranging from small businesses to large enterprises. Their plans are designed to make it easy and cost-effective to access their database services.
How reliable is Singlestore? Singlestore aims to provide high availability and performance for its customers. It has built-in redundancy and disaster recovery capabilities, as well as automated monitoring to ensure reliability and uptime.
Does Singlestore offer any training? Yes, Singlestore offers comprehensive training programs and resources to help users get the most out of their platform. This includes online courses, workshops, webinars and other educational materials.
What kind of customer service does Singlestore provide? Singlestore provides 24/7 customer support with dedicated teams for technical queries and product-related inquiries. They also offer a range of self-service resources, such as tutorials and FAQs, to help customers get the most out of their database.
Facts and Figures
Singlestore is a cloud-native database platform designed to help organizations manage their data more efficiently.
It offers caching, query optimization, and indexing technologies to deliver high performance.
Singlestore supports multiple data models and is compatible with popular programming languages such as Java, Python and Go.
It provides support for both relational and non-relational databases.
The platform is designed to be easy to use, with a self-service dashboard for users to manage their databases.
Singlestore is available on multiple cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud Platform.
It integrates with existing applications, making it easy to access and manage data from multiple sources.
Singlestore has over 1 million customers worldwide and is used by companies of all sizes for their data management needs.
Singlestore is highly secure, with end-to-end encryption and customer-controlled access control. It also offers automated backups of data to prevent data loss.
The platform is regularly updated with new features and enhancements, enabling customers to always have the best experience possible when using the service.
It offers caching, query optimization, and indexing technologies to deliver high performance.
Singlestore offers 24 /7 customer service with dedicated teams for technical queries and product-related inquiries.
It integrates with existing applications, making it easy to access and manage data from multiple sources.
It offers up to 99.999% uptime with a guaranteed response time of under 1 second.
It supports up to 500 concurrent queries running at the same time.
The platform has built-in performance optimization for both reads and writes, enabling faster access to data.
Singlestore offers data replication between multiple cloud providers for improved reliability and scalability.
The platform is capable of processing up to 1 million transactions per second.
It supports up to 20 petabytes of storage, which can be distributed across multiple clouds for better performance and cost savings.
The platform is designed with a self-service dashboard for users to easily manage their databases and access real-time analytics.
