Wilson Sonsini Advises SingleStore on $80 Million Series F Financing

On September 8, 2021, SingleStore, the single database for all data-intensive applications, announced that it has raised $80 million in primary capital funding in its Series F round. The financing was led by Insight Partners, with participation from new investor Hewlett Packard Enterprise and existing investors Khosla Ventures, Dell Technologies Capital, Rev IV, Glynn Capital, and Google Ventures. Wilson Sonsini Goodrich & Rosati advised SingleStore on the transaction.

The Series F fundraise is the latest signal of the success of SingleStore’s cloud business and the adoption of its cloud-native database built for data-intensive applications. SingleStore indicated that the 300+ percent increase in new customer acquisition for its cloud service and 150+ percent year-over-year growth in cloud revenue led to raising a new round to continue to power innovation and growth. This latest financing, which follows an $80 million Series E round in December 2020 on which the firm also advised, brings SingleStore’s total funding to $264 million.

The Wilson Sonsini team that advised SingleStore on the Series F financing included Steve Bochner, Rezwan Pavri, Melissa Rick, Tyler Lefky, Katie Barnes, and Margaret LaMore.

For more information, please see SingleStore’s press release.