US-based database software provider SingleStore secured $80m in series E funding on Tuesday from investors including internet and technology conglomerate Alphabet, analytics services provider Relx and computing technology producer Dell.
GV, REV and Dell Technologies Capital were joined by growth equity firm Insight Partners, which led the round, Hercules Capital, Accel, Anchorage Capital Group and Glynn Capital.
Formerly known as MemSQL, SingleStore is the creator of a flexible cloud database platform for use with operational analytics, machine learning and artificial intelligence activities. The funding will go to expanding its sales and engineering teams and expanding its partnerships.
The company said it has now raised $238m since it was founded in 2011, an amount that would include the $50m debt facility it agreed with Hercules Capital in May this year.
SingleStore completed a $36m series C round in 2016 featuring REV, Caffeinated Capital and existing investors Accel, Khosla Ventures, Data Collective, IA Ventures and First Round Capital, with In-Q-Tel, Y Combinator, New Enterprise Associates, Start Fund and SV Angel among its earlier backers.
GV, Glynn Capital, Accel, Caffeinated Capital, Data Collective and IA Ventures subsequently provided another $30m for the company through a mid-2018 series D round.
