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SingleStore has had a blockbuster first half of 2022, despite uncertain times for business and the economy as a whole.
1. We closed a funding round of $146 million
Our Series F-2 round, led by Goldman Sachs and joined by new investor Prosperity7, is the latest sign of our success. Closing the round provided $146 million, ensuring a solid financial foundation as we move forward with product development and innovation; accelerating sales, international expansion; and other strategic initiatives.
2. We increased value and capabilities for our customers
3. We expanded our customer base
4. We have proof: SingleStore delivers more for less
5. Our customers love us and we have awards to prove it
I’ve said it before, and I’ll say it again: The only awards that truly matter are those that reflect the voice of the customer. That’s why these two awards are particularly significant for us.
6. The SAS Viya integration with SingleStore launched
7. Our leadership and diversity is growing
With the addition of Sue Bostrom to our board, I’m excited to continue to keep adding amazing talent to our leadership. Diversity has been top of mind for us and we value people from all walks of life and experiences. I commend the progress we have made but we have a lot more work to do in our diversity, equity and inclusion efforts. We are committed to being seen as an example in the industry.
Bonus: The year isn’t over yet!
Our opportunities to serve customers and win new business only continue to grow.
Businesses will use data and analytics to help alleviate persistent supply chain challenges. And more organizations will use SingleStore to manage point of sale, product inventory and logistics data in a single, scalable database to get real-time visibility and do optimization and forecasting.
E-commerce and retail organizations, among others, will also increasingly employ modern data management to optimize interactions with customers. With SingleStore, companies can provide customers with personalized experiences using real-time segmentation, attribution and smart recommendations. Businesses can also drive sales with customer overlap analysis using converged real-time data and historical analysis in our single, SQL-accessible database.
Going forward, machine learning and artificial intelligence will become even more essential. Growing adoption of these technologies will also equate to a growing need for SingleStore because legacy and stitched-together databases can’t meet growing real-time demands.
We are excited to work with our great customers and investors, who are helping us to spread the word about our singular, innovative approach to data-intensive applications. And we look forward to heading into the fourth quarter — and soon, a new year — even stronger than before.