Raj Verma Explained

Raj Verma is the chief executive officer of SingleStore, a data technology company that allows users to transact, analyze, and search data in real time.

Biography

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] 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]

He joined TIBCO 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

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, the ability to transact and analyze data in a single database location (a single store).[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

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 guests have included Nick Thompson, Pádraig Harrington, Vinod Khosla, Ashton Kutcher, and Van Jones.[34] [35]

Raj has been published on AI in outlets like Forbes,[36] Fast Company,[37] and the World Economic Forum,[38] and has been interviewed on major broadcasting outlets like Yahoo Finance (Julie Hyman),[39] Bloomberg (Francine Lacqua), Nasdaq (Kristina Ayanian),[40] and CNBC Asia (Tanvir Gill)[41] . 

Notes and References

  1. Web site: Howson-Green . Simon . 2021-11-03 . Raj Verma . 2024-10-22 . technologymagazine.com . en.
  2. Web site: 2019-04-01 . Indian IT Bets On AI . 2024-10-22 . Business Today . en.
  3. Web site: Mellor . Chris . 2022-07-20 . SingleStore's hard-driving and single-minded CEO . 2024-10-22 . Blocks and Files . en-US.
  4. Web site: Who is the CEO of SingleStore? Raj Verma’s Bio Clay . 2024-10-22 . www.clay.com . en.
  5. Web site: 2004-07-13 . Tibco completes Staffware acquisition . 2024-10-22 . Finextra Research . en.
  6. Web site: November 14, 2014 . Vivek Ranadive, CEO, TIBCO . 2024-10-22 . cxotalk.com.
  7. Web site: Nikhil Verma - Founder at LivWell Asia Pte Ltd . 2024-10-22 . THE ORG . en.
  8. Web site: Howson-Green . Simon . 2021-11-03 . Raj Verma . 2024-10-22 . fintechmagazine.com . en.
  9. Web site: Raj Verma . 2024-10-22 . The Montgomery Summit . en-US.
  10. Web site: Raj Verma Milken Institute . 2024-10-22 . milkeninstitute.org . en.
  11. Web site: 2017-01-15 . Hortonworks hires Raj Verma as its new president and sales chief . 2024-10-22 . SiliconANGLE . en-US.
  12. Web site: Peterson . Becky . 2 senior execs at Thoma Bravo's Apttus, including the controversial head of revenue, have left without immediate replacements . 2024-10-22 . Business Insider . en-US.
  13. Web site: 2023-01-18 . Raj Verma Teaches us How to React to Changes in the Market . 2024-10-22 . books.forbes.com . en-US.
  14. Web site: Raj Verma, COO, Apttus (Image Credit: Apttus) . 2024-10-22 . enterprisetimes.co.uk.
  15. Web site: Blinde . Loren . 2017-01-18 . Hortonworks appoints Rajnish Verma president and chief operating officer . 2024-10-22 . Intelligence Community News . en-US.
  16. Web site: Hortonworks Appoints Raj Verma President and COO . 2024-10-22 . BigDATAwire.
  17. Web site: Wiggers . Kyle . 2020-05-11 . MemSQL raises $50 million to advance its database tech . 2024-10-22 . VentureBeat . en-US.
  18. Web site: Mellor . Chris . 2022-07-20 . SingleStore's hard-driving and single-minded CEO . 2024-10-22 . Blocks and Files . en-US.
  19. Web site: 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 . 2024-10-22 . Business Insider . en-US.
  20. Web site: King . Tim . 2020-10-29 . MemSQL Re-Brands to SingleStore to Reflect New Product Vision . 2024-10-22 . Best Data Management Software, Vendors and Data Science Platforms . en-US.
  21. Web site: Wiggers . Kyle . 2022-07-12 . SingleStore raises additional cash to grow database business . 2024-10-22 . TechCrunch . en-US.
  22. Web site: Asghar . Nadeem . Srivastava . Abhinav . 2024-01-24 . Unveiling SingleStore Pro Max, the Real-Time Data Platform for Apps, Analytics and AI . 2024-10-22 . SingleStore . en.
  23. Web site: 2023-09-15 . Advanced real-time data a potential gamechanger as the enterprise goes high-fidelity . 2024-10-22 . SiliconANGLE . en-US.
  24. Web site: Verma . Raj . Council Post: Unleashing AI: Three Keys To Developing A Successful Data Platform . 2024-10-22 . Forbes . en.
  25. Web site: Gauri . 2024-07-19 . Innovations in Data Management: Madhukar Kumar on SingleStore's Updates . 2024-10-22 . AsiaTechDaily - Asia's Leading Tech and Startup Media Platform . en-US.
  26. Web site: SingleStore adds Iceberg integration, improved vector search TechTarget . 2024-10-22 . Data Management . en.
  27. Web site: Automated Continuous SingleStore Replication to Snowflake . 2024-10-22 . CData Software . en.
  28. Web site: 2023-12-19 . SingleStoreDB is Now Available on Snowflake Data Cloud . 2024-10-22 . Database Trends and Applications . en-US.
  29. Web site: Raj Verma . 2024-10-22 . Leadership Matters . en-US.
  30. Web site: 2023-10-24 . The Top 50 SaaS CEOs of 2023 The Software Report . 2024-10-22 . en-US.
  31. Web site: 2024-03-27 . Time is Now by Raj Verma . 2024-10-22 . books.forbes.com . en-US.
  32. Web site: April 16, 2024 . Time is Now: A Journey Into Demystifying AI . 2024-10-22 . amazon.com.
  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. Web site: 2023-04-27 . Podcast by Raj Verma . 2024-10-22 . books.forbes.com . en-US.
  35. Web site: Technological Transformation Expert Reveals How AI Shapes Our Decisions And Future . 2024-10-22 . Forbes . en.
  36. Web site: Verma . Raj . Council Post: Unleashing AI: Three Keys To Developing A Successful Data Platform . 2024-10-29 . Forbes . en.
  37. News: 2023-07-04 . POV: Why ethics, education, and empathy are key to our AI future . fastcompany.
  38. Web site: Jan 16, 2024 . AI can turbocharge profits. But it shouldn't be at the expense of ethics . World Economic Forum.
  39. Web site: 2024-03-11 . What does the 'democratization of AI' look like? . 2024-10-29 . Yahoo Finance . en-US.
  40. News: Apr 11, 2024 . SingleStore: A Journey Into Demystifying AI . nasdaq.
  41. CNBC Asia Street Signs Raj Verma, CEO, SingleStore in conversation with Tanvir Gill + Samantha Vadas . 2024-08-07 . SingleStore . 2024-10-29 . YouTube.

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