Google, Dell-Backed SingleStore Agrees to Sell to Vector

Private equity firm Vector Capital has agreed to buy SingleStore, a database startup backed by the venture arms of Google and Dell Technologies Inc.

Terms of the deal weren’t disclosed in a statement Wednesday that confirmed an earlier Bloomberg News report.

Vector and its co-investors are investing about $500 million in equity in SingleStore, according to people familiar with the matter who asked not to be identified because the matter is private.

SingleStore’s valuation in the buyout couldn’t be learned. After a 2022 funding round led by Goldman Sachs Asset Management, the San Francisco-based company was valued at $1.3 ...