Wilson Sonsini - ECP

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Wilson Sonsini Advises SingleStore on $116 Million Financing

  • 07/14/22
  • Client Highlights
  • Software
  • Data Storage and Cloud

On July 12, 2022, SingleStore, a cloud-native database built for speed and scale to power data-intensive applications, announced it raised $116 million in financing led by the growth equity business within Goldman Sachs Asset Management (Goldman Sachs) with new participation from Sanabil Investments. Current investors Dell Technologies Capital, GV, Hewlett Packard Enterprise (HPE), IBM Ventures, and Insight Partners, among others, also participated in the round. Wilson Sonsini Goodrich & Rosati advised SingleStore on the transaction.

SingleStore recently launched SingleStoreDB with IBM as well as announced a partnership with SAS to deliver ultra-fast insights at lower costs. The company has almost doubled its headcount in the last 12 months and continues to aggressively hire to meet the demand for its product and services.

The Wilson Sonsini team that advised SingleStore on the transaction includes:

Steve Bochner
Rezwan Pavri
Melissa Rick
Peter Bratton
Katie Barnes
Tyler Kivley
Margaret LaMore
Andrii Onysko

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

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