Vector Capital has agreed to acquire San Francisco-based SingleStore, a database software company, for approximately $500 million, leveraging its strong financial performance and growth potential.

Target Company Overview

Vector Capital has finalized an agreement to acquire SingleStore, a database software company headquartered in San Francisco. This acquisition, valued at approximately $500 million in equity commitments, was reported by Bloomberg. SingleStore has garnered substantial backing from prominent investors including Google, Dell, and IBM.

As of Q2 2025, SingleStore demonstrated robust financial performance, reporting an annual recurring revenue of $123 million, marking a 23% increase year-on-year. Additionally, the company boasts over $150 million in cash reserves. In 2022, SingleStore achieved a valuation of $1.3 billion during a funding round led by Goldman Sachs.

Industry Overview in the United States

The database software industry in the United States has witnessed significant transformations over the past few years, underscored by advancements in cloud computing and big data technologies. As organizations increasingl