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It’s been one year since we announced the rebrand to SingleStore and we’ve never looked back. In this post, CEO Raj Verma summarizes the company’s biggest achievements and milestones over the last year.
What a Year!
On a diversity and inclusion front, we know that society and businesses benefit when we do a better job at addressing issues and work to eliminate bias. We’ve tried hard to understand the barriers people of color face in attaining and retaining job opportunities. This work is so important, especially as the COVID-19 pandemic has only increased the challenges that people of color face in the job market. As such, we’ve expanded our efforts by establishing the new role of director of employee engagement, diversity and inclusion, allowing us to put more intention behind how we invest in creating a more inclusive workplace, drive awareness and create impact. We also plan to continue to support STEM educational programs that are building a pipeline of female engineers like Girls Who Code. Social responsibility is based on equality, love and tolerance. As contributing members of society, we all have to embed these values into the very fiber of our existence – we’ll always be vocal about where we stand on equal rights and justice for all, no matter what.
Big Achievements and Milestones
While it may be impossible to cover all of what we accomplished in the past year, I’m excited to share a quick summary of some of the other top achievements and milestones:
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We opened a brand new Raleigh office & Launch Pad Innovation Center The new office has allowed us to tap into the technology talent and a knowledge base in the Raleigh area to become a vital part of this vibrant community and act as a catalyst for technology innovation.
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We earned the SOC 2 Type 2 Certification System and Organization Control (SOC) 2 Type 2 designation is a big deal in the world of SaaS. It is a recognized technical audit for service organizations, SOC 2 Type 2 requires companies to establish and follow strict information security policies and procedures. This certification validated SingleStore as a trusted SaaS provider.
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We were recognized and won industry leading awards
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We closed another $80M Series F Funding Round Led by Insight Partners We had a 300%+ increase in new customer acquisition for our cloud service and 150%+ year-over-year growth in cloud revenue, which led to raising a new round to continue to power innovation and growth. This round of funding also included new investments from Dell and HPE.
The Future Looks Bright
I continue to be amazed at some of the work our colleagues at SingleStore do- their passion, their commitment and the unrelenting resolve to change the data landscape of the future. I am both grateful and humbled to be part of this team. A big thank you to all our customers whose support and encouragement has brought us here and set us on a trajectory of growth. We will never rest and will earn your business every single day!
Cheers to another exciting year ahead and may we all live in exciting times- let’s not forget it’s still DAY ONE!