SingleStore Unveils New Offerings to Unfreeze Data Lakehouses, Powering Intelligent Applications
26 Junio 2024 - 12:00PM
Business Wire
Now offers bi-directional integration with
Iceberg, faster vector search, enhanced full-text search,
autoscaling and a ‘bring your own cloud’ deployment
SingleStore, the real-time data platform for you to transact,
analyze and contextualize, today announced a bi-directional
integration with Apache Iceberg that opens up a world of
opportunities for building intelligent applications on data
lakehouses. This integration addresses the critical challenge faced
by enterprises where an estimated 90% of data remains “frozen” in
lakehouses and is unusable for powering interactive applications,
analytics or AI.
Apache Iceberg is the de facto standard for data lakes for
storing massive datasets, offering cost efficiency for querying
large-scale datasets. However, enterprises struggle to leverage
this data due to complex, costly processes required to ‘thaw’ it,
including extensive ETL workflows and compute-intensive Spark
jobs.
SingleStore’s new integration is intended to solve precisely
that, providing low-latency ingestion, bi-directional data flow and
real-time application performance at lower costs for modern
intelligent applications and analytics. This offering is available
in public preview today and customers will soon be able to create
external tables in SingleStore based on Iceberg data, build
projections on these tables and take advantage of the speed and
performance of SingleStore on frozen data.
SingleStore’s customers, many of whom use Apache Iceberg for
their data lakes and commercial lakehouses, have expressed a strong
interest in a solution that enables fast interactive applications
and low-latency analytics using their vast, untapped Iceberg
data.
“Our vision has always been to provide one single data store for
all companies to be able to take advantage of speed, scale and
simplicity,” said Raj Verma, CEO, SingleStore. “Our data platform
is designed to unlock all types of enterprise data — including data
that is frozen in data lakes — to enable our customers to build
modern intelligent apps. With this release, we believe we are
enabling a significant portion of the market that today cannot
build real-time modern applications on data stored in data
lakes.”
Apart from the Iceberg integration, SingleStore also announced a
slew of other new features and product enhancements that enable
building enterprise-grade intelligent applications, including:
- Faster vector search. Vector search with HNSW is 40%
faster compared to the earlier release. SingleStore’s IVF Flat
index is demonstrated to be between 47 to 100x faster than
pgvector, and vector index build times are now 2-3x faster than
Milvus and pgvector. Additional vector search features include
range searches and filters (in public preview) to help enterprises
easily build and scale generative AI applications.
- Enhanced full-text search. SingleStore has supported
full-text search for a number of years. With its June 2024 release,
the company is announcing the general availability of robust new
capabilities in full-text search including improved relevance
scoring, phonetic similarity, fuzzy matching and
keyword-proximity-based ranking. All this means organizations can
now simplify their data architectures by eliminating the need for
additional specialty databases to build generative AI and real-time
applications.
- Autoscaling. With compute workspaces and a distributed
architecture, SingleStore is a highly scalable data platform. With
Autoscaling in its latest release (in public preview) customers
ensure application performance by scaling compute resources up or
down automatically in seconds to adjust to unpredictable workloads
— while avoiding billing surprises.
- Helios® — Bring Your Own Cloud (BYOC) deployment. For
many customers, their data has to remain in their own virtual
private cloud (VPC), under their own security and governance
policies because of regulatory requirements or contractual
obligations. In these cases customers had to deploy SingleStore in
a self-managed model, managing operations themselves. With this
announcement, SingleStore is introducing a fully-managed cloud
offering (Helios — BYOC), that lets customers enjoy the ease of
management and elastic scalability of the platform, but within
their own virtual private cloud. This offering is now available in
private preview in AWS, and customers can run SingleStore in their
own tenants while complying with data residency and governance
policies.
“SingleStore’s data platform is indispensable for analyzing our
data and delivering real-time insights to our customers,” said
Mauricio Aristizabal, Principal Data Architect, impact.com, and
Founder, Giist Social. “This latest update continues to push the
boundaries of what we can accomplish by harnessing all of our
enterprise data in real time. We’re looking forward to leveraging
the latest cutting-edge features to continue growing our and our
clients' business.”
“Our new features and capabilities advance SingleStore’s mission
of offering a real-time data platform for the next wave of
generative AI and data applications,” said Nadeem Asghar, Head of
Engineering at SingleStore. “The integration with Iceberg, plus
enhancing our platform’s scaling and processing capabilities will
allow users to access and harness their data in real time, and
build intelligent apps.”
SingleStore remains at the forefront of generative AI
innovation. The company’s product innovation has led to
high-momentum growth in customers, pushing it to surpass $100M in
ARR at the end of 2023. SingleStore was recognized with five 2024
TrustRadius Top Rated Awards, the most the company has ever won in
a single year. Four awards were won for the third consecutive year,
while the recognition in the Vector Database category was a first.
To learn more about SingleStore visit here.
Additional Resources:
- Try SingleStore for free
- Read the SingleStore blog to learn more about today’s
announcement
- Follow SingleStore on X, Facebook, LinkedIn and Instagram
About SingleStore
SingleStore empowers the world’s leading organizations to build
and scale intelligent applications using the only data platform
that allows you to transact, analyze and contextualize 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/20240626589120/en/
Jessica Rampen Director of Communications & PR at
SingleStore jrampen@singlestore.com