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Raj Verma

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Raj Verma is the chief executive officer of SingleStore, a data technology company specializing in real-time data processing.

Biography

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Raj Verma earned a Bachelor of Engineering degree from B.M.S College of Engineering, affiliated with Bangalore University.[1]

He began his career at Wipro, an Indian tech giant. He started his career in computer sales at WIPRO before moving to Parametric Technology Corporation (PTC), a software company based in Massachusetts. At PTC, Verma became the top seller in India by 1997 and was promoted to Director of Sales Development for the Asia-Pacific (APAC) region, requiring a move to Hong Kong.[2][3]

In 2001, Verma joined Staffware, a business process management (BPM) technology provider, to help expand its presence in the APAC region.[4] After Staffware was acquired by TIBCO in 2004.[5] At TIBCO, he gained insights into real-time data processing, a concept championed by the company's founder, Vivek Ranadivé.[6]

At TIBCO, firstly, he joined as sales director for Asia and in 2006 was later transferred to the company's Silicon Valley headquarters to drive sales of BPM software.[7] He rose through the ranks, becoming chief marketing officer (CMO), Executive Vice President of Global Sales, and chief operating officer (COO).[8] During his tenure, Verma helped in growing TIBCO's revenue to over $1 billion.[9][10] He remained with the company until 2011, leaving shortly after Ranadivé stepped down as CEO.[11]

After his time at TIBCO, Verma held executive roles at Apttus Software as chief revenue officer (CRO) and COO,[12][13][14] and at Hortonworks as president and COO.[15][16]

SingleStore

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In 2019, he was approached by MemSQL, a software database company, to take on the role of CEO. In 2020, MemSQL, a startup with about 60 customers, was rebranded as SingleStore under Verma's leadership to highlight its key technology, for data transfer between different storage locations.[17][18][19][20]

Since becoming CEO of SingleStore, Verma led the company in growing its annual recurring revenue from $10 million in 2019 to over $100 million by 2023.[21][22] The rise of generative AI boosted SingleStore's visibility due to its ability to provide real-time data for AI systems.[23][24] The company also developed AI-related products like vector and text search capabilities[25][26] and integration with Snowflake to enhance data retrieval.[27][28]

In 2023, Raj Verma was named one of the Top 50 Business Leaders of San Francisco.[29][30]

Publications and media presence

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Raj Verma is the author of Time is Now: A Journey into Demystifying AI, published in April 2024. The book aims to make AI accessible to a broader audience by combining insights from Verma's career with practical advice on using AI ethically.[31][32][33]

He also hosts the podcast Into the Singleverse, where he discusses the impact of real-time data on various aspects of life with leaders from different fields, including business, academia, sports, and philanthropy. Podcast's guests was Nick Thompson, Vinod Khosla, Ashton Kutcher, and Van Jones.[34][35]

References

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  1. ^ Howson-Green, Simon (2021-11-03). "Raj Verma". technologymagazine.com. Retrieved 2024-10-22.
  2. ^ "Indian IT Bets On AI". Business Today. 2019-04-01. Retrieved 2024-10-22.
  3. ^ Mellor, Chris (2022-07-20). "SingleStore's hard-driving and single-minded CEO". Blocks and Files. Retrieved 2024-10-22.
  4. ^ "Who is the CEO of SingleStore? Raj Verma's Bio | Clay". www.clay.com. Retrieved 2024-10-22.
  5. ^ "Tibco completes Staffware acquisition". Finextra Research. 2004-07-13. Retrieved 2024-10-22.
  6. ^ "Vivek Ranadive, CEO, TIBCO". cxotalk.com. November 14, 2014. Retrieved 2024-10-22.
  7. ^ "Nikhil Verma - Founder at LivWell Asia Pte Ltd". THE ORG. Retrieved 2024-10-22.
  8. ^ Howson-Green, Simon (2021-11-03). "Raj Verma". fintechmagazine.com. Retrieved 2024-10-22.
  9. ^ "Raj Verma". The Montgomery Summit. Retrieved 2024-10-22.
  10. ^ "Raj Verma | Milken Institute". milkeninstitute.org. Retrieved 2024-10-22.
  11. ^ "Hortonworks hires Raj Verma as its new president and sales chief". SiliconANGLE. 2017-01-15. Retrieved 2024-10-22.
  12. ^ Peterson, Becky. "2 senior execs at Thoma Bravo's Apttus, including the controversial head of revenue, have left without immediate replacements". Business Insider. Retrieved 2024-10-22.
  13. ^ "Raj Verma Teaches us How to React to Changes in the Market". books.forbes.com. 2023-01-18. Retrieved 2024-10-22.
  14. ^ "Raj Verma, COO, Apttus (Image Credit: Apttus)". enterprisetimes.co.uk. Retrieved 2024-10-22.
  15. ^ Blinde, Loren (2017-01-18). "Hortonworks appoints Rajnish Verma president and chief operating officer". Intelligence Community News. Retrieved 2024-10-22.
  16. ^ "Hortonworks Appoints Raj Verma President and COO". BigDATAwire. Retrieved 2024-10-22.
  17. ^ Wiggers, Kyle (2020-05-11). "MemSQL raises $50 million to advance its database tech". VentureBeat. Retrieved 2024-10-22.
  18. ^ Mellor, Chris (2022-07-20). "SingleStore's hard-driving and single-minded CEO". Blocks and Files. Retrieved 2024-10-22.
  19. ^ Burroughs, Callum. "SingleStore helps Uber and Hulu use operational data. Check out the 36-slide pitch deck it used to raise $80 million from Insight Partners". Business Insider. Retrieved 2024-10-22.
  20. ^ King, Tim (2020-10-29). "MemSQL Re-Brands to SingleStore to Reflect New Product Vision". Best Data Management Software, Vendors and Data Science Platforms. Retrieved 2024-10-22.
  21. ^ Wiggers, Kyle (2022-07-12). "SingleStore raises additional cash to grow database business". TechCrunch. Retrieved 2024-10-22.
  22. ^ Asghar, Nadeem; Srivastava, Abhinav (2024-01-24). "Unveiling SingleStore Pro Max, the Real-Time Data Platform for Apps, Analytics and AI". SingleStore. Retrieved 2024-10-22.
  23. ^ "Advanced real-time data a potential gamechanger as the enterprise goes high-fidelity". SiliconANGLE. 2023-09-15. Retrieved 2024-10-22.
  24. ^ Verma, Raj. "Council Post: Unleashing AI: Three Keys To Developing A Successful Data Platform". Forbes. Retrieved 2024-10-22.
  25. ^ Gauri (2024-07-19). "Innovations in Data Management: Madhukar Kumar on SingleStore's Updates". AsiaTechDaily - Asia's Leading Tech and Startup Media Platform. Retrieved 2024-10-22.
  26. ^ "SingleStore adds Iceberg integration, improved vector search | TechTarget". Data Management. Retrieved 2024-10-22.
  27. ^ "Automated Continuous SingleStore Replication to Snowflake". CData Software. Retrieved 2024-10-22.
  28. ^ "SingleStoreDB is Now Available on Snowflake Data Cloud". Database Trends and Applications. 2023-12-19. Retrieved 2024-10-22.
  29. ^ "Raj Verma". Leadership Matters. Retrieved 2024-10-22.
  30. ^ "The Top 50 SaaS CEOs of 2023 | The Software Report". 2023-10-24. Retrieved 2024-10-22.
  31. ^ "Time is Now by Raj Verma". books.forbes.com. 2024-03-27. Retrieved 2024-10-22.
  32. ^ "Time is Now: A Journey Into Demystifying AI". amazon.com. April 16, 2024. Retrieved 2024-10-22.
  33. ^ Scott-Briggs, Angela; TechBullion, Angela Scott-Briggs (23 April 2024). "A Review of 'Time is Now' by Raj Verma: Charting the Course of AI in Modern Society". TechBullion. Retrieved 18 October 2024.
  34. ^ "Podcast by Raj Verma". books.forbes.com. 2023-04-27. Retrieved 2024-10-22.
  35. ^ "Technological Transformation Expert Reveals How AI Shapes Our Decisions And Future". Forbes. Retrieved 2024-10-22.
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