SingleStore is proud to be a scaleup — and a catalyst for economic growth — at this pivotal time. Three key components of the SingleStore scaleup story: hypergrowth, customer centricity and continuous innovation.
Tech start-ups have created great excitement and opportunity in the past three decades. But what’s even more exciting and important to the global economy at this time is scale-ups. I have spent most of my career in large companies. Prior to my coming to SingleStore, the smallest company that I had worked at had a \$50 billion market cap. Various factors attracted me to SingleStore including the product differentiation, the people and the data market opportunity. The one that was the most compelling was the fact that it was not a start-up, but a scale-up.
Scale-ups are companies that have exhibited significant revenue growth and employment growth over the last three years, according to Insight Partners. Scale-ups have tested business models and validated products in the market, are economic powerhouses that fuel job creation, innovation, and have an outsized impact on the global economy through job retention and growth during periods of economic distress.
SingleStore is proud to be a scale-up — and a catalyst for economic growth — at this pivotal time. And I’m thrilled to share new proof points that highlight the three key components of the SingleStore scaleup story: hypergrowth, customer centricity and continuous innovation.
Hypergrowth
Growth is tangible proof that a company and its technology are differentiated in the marketplace. It indicates that an organization works as an execution engine tuned for growth, from the way its product operates and adds value through to its go-to-market strategy.
In the last year since our rebrand, SingleStore has grown tremendously in more ways than one. In fact, the San Francisco Business Times just ranked us #35 in its annual list of the Fastest-Growing Private Companies in the Bay Area. As companies become larger, growth typically slows down. Not for SingleStore, we were ranked #59 on the same list last year and are now at #35.
This signals that SingleStore’s modern cloud database for all data-intensive applications continues to gain momentum. But it’s just one of the recent recognitions of our growth.
Inc. magazine in August included us in its annual list of the 5000 fastest-growing private companies. This came just a few months after The Financial Times ranked SingleStore 188 out of 500 on its The Americas’ Fastest Growing Companies 2021 list. SingleStore serves half of the top 10 banks, 12 of the Fortune 50, two of the top three telcos and many tech innovators.
Customer Centricity
Meeting and exceeding customer expectations is the only sustainable source of having a competitive advantage. So, when customers take the time and effort to share stories about how we help them improve their own performance, it is extremely gratifying. It also enables others to make the best choices in selecting a database that addresses their current and future requirements.
That’s why we are so honored to be among the winners of the second annual TrustRadius Tech Cares Award. We also greatly appreciate our customer reviews. Here is one of my favorite comments, from a user at Siemens: “We have not found an analytical database faster than SingleStore.'' These reviews are a testament to our culture and focus on customers.
Continuous Innovation
Continuous innovation has enabled us to deliver this game-changing performance via a modern database that is distributed, cloud-native, multi-model and has a relational SQL foundation.
Separation of storage and compute was previously only available in data warehouses. But SingleStore was the first to make it available in a single database for transactional and analytical workloads.
Our universal storage patent is yet another proof point of SingleStore’s continuous innovation. Universal storage with multicolumn key support means that customers don’t need to separate operational and analytical systems. As a result, developers no longer have to extract, transform and load (ETL) data to a data warehouse to perform analytics. The result is a single platform that makes queries run faster, decreases complexity and allows for a better price/performance ratio.
These innovations are exciting because we’re now seeing an increasing desire to gravitate back to more general-purpose databases after years of companies introducing an explosion of specialized datastores like document databases, graph databases, columnar databases, in-memory databases, key-value stores, streaming platforms, search engines and more. As one of our customers eloquently put it “SingleStore, the only database you’ll ever need.”
Finally, analyst firm Intellyx presented us with the 2021 Digital Innovator Award in October. Intellyx, which is focused on digital transformation, adds that “we’re only interested in talking to vendors that are the most disruptive, interesting and customer value-generating.”
Join Us
SingleStore is fully committed to continuing to add value for customers, engaging employees and staying ahead of the innovation curve to allow enterprises to be faster and more successful.
Want to jump onto our rocket ship and be part of the data revolution? We’re hiring - visit our career website.
Ready to experience the power of SingleStore for yourself? Try out Singlestore Helioss for free.
Suresh Sathyamurthy is SVP Marketing and Growth at SingleStore
