SINGLESTORE
SingleStore is a modern scale-out database and the first real-time operational cloud database to support separation of storage and compute .
Of course , the legacy companies understand what they must do . But can they do it ? They have so many chains around their feet in terms of tens of thousands of customers who want to stay where they are and keep their data where it is .”
Verma describes this dilemma as a tussle between the past and the future where too many businesses believe they are minimising risk by corralling their data ‘ in a box ’, modernising around it and then , over time , migrating to the new systems .
Verma argues that this is also an example of short term , counterproductive thinking . He also claims the investment market has woken up to the huge potential of the SingleStore route .
He cites the recent surge in investment . This is not just about his entrepreneurial optimism . It ’ s about hard business decisions .
‘ Think back to 2017 . For probably two decades , or two and a half decades before that , we did not have a database company go public to the best of my knowledge . Then Mongo came about and things changed .”
But , according to Verma , that change only came about after the new entrants to the market – spurred on by the Mongo IPO – embarked on an intense “ mission to explain ” to the public market just how important modern era database technology was going to be in the social media age .
“ IBM , Oracle and SAP have had a lock on the database market for decades and now people are paying the full price for this ,” says Verma . But he adds it was new investment flooding towards the challengers to the old guard which finally gave the market the boost it needed .”
He says everything fell into place when investors began to understand that the new players were more likely in the short term to work alongside rather than displace the Oracle generation .
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