$146m for SingleStore Database Management System

In the US, database management system SingleStore has raised $146m in a Series F-2 round of financing. Funds will be used to fuel continued growth and strategic initiatives.

SingleStore combines transactions and analytics in the same engine to help client companies deliver better customer experience and enterprise intelligence. The database processes structured, semi-structured and unstructured data, unified to make it accessible by every member of a team and providing business intelligence to help users develop products and services.

New funding has been led by Goldman Sachs, with participation from Prosperity 7 Ventures. SingleStore CEO Raj Verma (pictured) comments: 'Today's organizations demand real-time data and immediate insights that empower them to make fast, informed decisions. That requires a modern data infrastructure that only SingleStore's cloud-native database can deliver. I am excited to announce this funding, and I'd like to thank all of our investors'.

Web site: www.singlestore.com .