Reported about 11 hours ago
Vector Capital has agreed to acquire SingleStore, a database startup backed by Google and Dell, for an undisclosed amount, reportedly around $500 million in equity. SingleStore's technology helps companies access data instantly, and it boasts an annual recurring revenue of $123 million. The deal reflects a trend in the private equity space, focusing on growth buyouts of VC-backed companies amid market resets.
Source: YAHOO