Google- and Dell-Backed SingleStore Sold to Vector Capital

SingleStore, a database startup, has been acquired by the private equity firm Vector Capital. The company was previously backed by the venture arms of tech giants Google and Dell Technologies. The financial details of the transaction were not disclosed. However, the acquisition is seen as a strategic move by Vector Capital to expand its portfolio in the growing database and data management market. SingleStore, formerly known as MemSQL, offers a database management system designed to handle large volumes of data in real-time. The company has been gaining traction in the industry, attracting investments from notable tech firms. The sale to Vector Capital marks a significant milestone for SingleStore, as it transitions to a new phase of its growth under the guidance of the private equity firm. The deal is expected to provide SingleStore with additional resources and support to further develop its products and services, potentially enhancing its competitive position in the market.