Analyst Coverage: Philip Howard
What is now SingleStore was founded under the name MemSQL in 2011. It was established by founders from Facebook and Microsoft. Its product was first released in 2013 under the MemSQL brand. As of October 2020 both company and product name have changed from MemSQL to SingleStore. The company fells that this better reflects what it is offering: a single (database) store for all your data. The database is available to run both on premises and on any public cloud.
The company has raised $110m in venture capital and it is based in California. As yet there are no overseas offices, though it does have staff working internationally. It primarily uses a direct sales model and, while it has an existing partner programme, it is in the process of extending its channel support. The company particularly focuses on legacy database ((Oracle, SAP, Microsoft and so on) replacements – at which it has had significant success – though migration support is currently a service engagement: however, we understand that relevant tools will be introduced in the near future.
SingleStore is primarily targeted at Fortune 1000 companies (major clients include Kellogg’s, Disney, Comcast, Uber and Cisco, amongst others) and the product is available both for on-premises and cloud-based deployments. A managed service offering is available. A fully-featured version of the product is available for download for free, the only restriction being the amount of in-memory capacity that is supported.