Met recently during the 42nd IT Press Tour in San Francisco at its HQ, SingleStore has developed what is probably the most-open multi-model database. With this fundamental property, users can finally consolidate and replace various flavors of database engine with a single one and maintain SQL and/or API compatibility in some situations. This is what the industry names the re-platforming of databases, it represents a serious trend that only a few players can deliver.
IBM can sell the product in various modes: license or subscription and provide associated support.
More generally, what does it mean for SingleStore, the company has raised so far more than $300 million and is obviously a unicorn with a fresh image of quality, performance and reliability at scale. Does the company will do an IPO, we'll see. For others, I mean multi-model DB vendors, the battle is on, for Redis, Couchbase, MarkLogic, ArangoDB, RavenDB or OrientDB and even players such GridGain and Hazelcast. And we remember FoundationDB, acquired by Apple in 2015 and met also by the tour in June 2014, who became a proprietary technology.
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