SingleStore Acquires BryteFlow to Accelerate Adoption of Real-Time Analytics, GenAI
03 Octubre 2024 - 12:00PM
Business Wire
Acquisition of the Australian company will
help SingleStore further its mission of simplifying data
accessibility
SingleStore, the world’s only database that empowers users to
transact, analyze and search petabytes of data in milliseconds,
today announced the acquisition of BryteFlow, a leading data
integration platform.
The move further expands SingleStore’s capacity to ingest data
from a wide range of sources like SAP, Oracle, Salesforce, and many
more. With the incorporation of BryteFlow technology, SingleStore’s
customers – already used to sub-second query times – can now
operationalize data from their CRM and ERP systems at scale and in
real time, enabling more insights for immediate action, faster
adoption of real-time analytics, and additional use cases for
generative AI.
SingleStore will integrate BryteFlow’s capabilities into its
core product to complement the existing functionality, creating an
experience known as SingleConnect.
Following on the heels of announcements of a strategic
partnership with Snowflake and support for real-time processing on
Iceberg data for connecting data lakehouses, SingleConnect now also
enables seamless connectivity with a broader range of enterprise
and SaaS applications with real-time data ingestion.
“This acquisition completes the next step in our pursuit to
operate with ever-increasing speed, scale and simplicity. Customer
needs are changing at tectonic velocity due to disruption in big
data storage formats and quantum leaps in generative AI
applications,” said Raj Verma, CEO of Single Store. “We believe
data is the true substrate for all intelligence, which is why
SingleConnect could not have come at a more appropriate time.”
Headquartered in Sydney, Australia, BryteFlow’s customers
include global powerhouses like Siemens, Synchrony and Warner Bros.
BryteFlow offers scalable change data capture (CDC) capability from
many sources, with the built-in ability to ensure data integrity
between source and target. It also works with major cloud platforms
like AWS, Microsoft Azure and Google Cloud, enabling seamless
integration with cloud-based data warehouses and data lakes using a
no-code interface to make the platform accessible even to users
without deep technical expertise. SingleStore will continue to
support existing BryteFlow customers, to ensure their experience
can continue uninterrupted.
“At BryteFlow, we look forward to combining our real-time data
integration capabilities with SingleStore’s expertise to empower
global organizations to derive maximum value from data, and to
build and scale modern applications,” said Pradnya Bhandary, CEO of
BryteFlow. “Together, through SingleConnect, we will make it faster
and easier for developers to tap into an array of enterprise data
sources, tackle diverse and challenging workloads, and deliver
top-notch experiences for their own customers.”
For more information, visit this blog post by Chief Innovation
Officer Rahul Rastogi and Chief Marketing Officer Madhukar
Kumar.
About SingleStore
SingleStore empowers the world’s leading organizations to build
and scale modern applications using the only data platform that
allows you to transact, analyze and search data in real time. With
streaming data ingestion, support for both transactions and
analytics, horizontal scalability and hybrid vector search
capabilities, SingleStore helps deliver 10-100x better performance
at 1/3 the costs compared to legacy architectures. Hundreds of
customers worldwide — including Fortune 500 companies and global
data leaders — use SingleStore to power real-time applications and
analytics. Learn more at singlestore.com. Follow us @SingleStoreDB
on X or visit www.singlestore.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241003048756/en/
Walker Sands for SingleStore singlestore-pr@walkersands.com