SAN FRANCISCO -- SingleStore, Inc. (“SingleStore” or the “Company”), the leading data platform for enterprise AI, announced it has entered into an agreement with Vector Capital Management, L.P. (“Vector”), a private equity firm with a nearly three decade track record leading transformational investments in established technology businesses, in which Vector will lead a growth buyout of SingleStore. Raj Verma, SingleStore’s Chief Executive Officer, and the Company’s established management team, who together have decades of experience in leading fast-growth, AI-first enterprise technology companies, will continue to lead the business. Long-term SingleStore shareholders including Google Ventures, Dell Technologies Capital, IBM, and REV Venture Partners will remain as investors in SingleStore. Several Vector Capital limited partners such as Adams Street Partners, J.P. Morgan Asset Management, the External Investing Group (XIG) at Goldman Sachs Asset Management, Angeles Investments, Lexington Partners, and Performance Equity Management will invest alongside Vector Capital VI, LP in SingleStore. Financial terms were not disclosed.

Based in San Francisco, SingleStore’s database delivers performance, simplicity and flexibility to power enterprise AI on a single platform that allows customers to transact, analyze and search data in real time. Its ultra-low-latency database solutions empower many of the world’s top organizations to build and scale next-generation mission-critical AI applications with speed, accuracy and efficiency. The Company serves customers worldwide, including, Nvidia, Goldman Sachs, LG, Adobe, Siemens, Cigna, STC, Dell, GE, Kroger, Comcast, Samsung, 6sense, Cisco, IMAX, Dentsu, and SiriusXM, among hundreds of others customers across industries. SingleStore has been consistently recognized as a leader by Gartner®, Forrester Wave™ and other industry benchmarks across multiple categories and named one of America’s Fastest Growing Companies by the Financial Times.

On September 4, 2025, SingleStore reported a record performance in the second quarter of fiscal year 2026, reflecting exceptional demand for its AI-ready solutions, strong financial discipline and operational excellence. Highlights included Q2 Total Net New ARR growth of 34% versus the same period last year, New Logo ARR growth of more than 200% year-on-year and Managed/Cloud Services Net New ARR growth of more than 80% year-on-year.

“Building a database natively engineered for the AI era, well before the moment arrived, has been the work of more than a decade,” said Raj Verma, CEO of SingleStore. “We are grateful for the confidence and support from all of our investors who have been on the journey with us to date, as well as our customers, without whom our success would not have been possible. Now, as we look to accelerate our growth trajectory, I am delighted to partner with Amish, Stephen, and the Vector team who share our passion for innovation and our vision for what is possible to achieve when you start with an AI-ready database of unparalleled speed, scale and simplicity. I look forward to working with Vector on the next wave of innovation and further accelerate SingleStore’s growth to best serve our customers.”

Amish Mehta, Chief Investment Officer and Managing Director of Vector Capital, said, “Our investment in SingleStore underscores Vector’s commitment to investing in category-defining technology companies and reflects the breadth and depth of our sourcing and deal making capabilities across the enterprise software and AI landscape. As the world’s best-fit database for applications which demand ultra-low latency with transactional and analytical requirements, we believe SingleStore has the potential to become one of the most important data platforms for the AI era and are proud to support its next phase of growth alongside an exceptional group of investors and shareholders.”

Stephen Goodman, Principal at Vector Capital, said, “SingleStore represents the largest new platform investment Vector has made in over 15 years and underscores our leadership in the database and data management sectors.. We are excited to partner with Raj and the SingleStore team to build on its strong momentum, expand the Company’s global reach and continue delivering the real-time, AI-ready data solutions that today’s leading enterprises require.”

SingleStore will be hosting the SingleStore NOW Conference in New York City on October 1, 2025 to share more about the Company’s plans for continued product innovation.

The proposed transaction is subject to customary closing conditions and expected to close in the fourth quarter of 2025.

SingleStore engaged Goldman Sachs & Co. LLC as financial advisor, PWC as audit advisors, and Fenwick as legal counsel in connection with the transaction. Paul Hastings LLP served as legal counsel to Vector Capital, with RSM serving as financial advisor.