In this theCUBE + NYSE Wired: Mixture of Experts segment from the New York Stock Exchange, theCUBE’s John Furrier sits down with Raj Verma, CEO of SingleStore, to unpack how the intersection of technology and finance is shaping enterprise strategy. Verma shares why SingleStore is “on course” for the public markets, reflects on brand-building through the company’s partnership with golf Hall of Famer Padraig Harrington and connects that ethos to how SingleStore helps organizations fix struggling data “swings.” The discussion zeroes in on what’s next as Wall Street watches the AI infrastructure buildout: after chips and systems, the software and data layers set the pace for value creation.
Verma outlines why enterprises must modernize “brown” data estates into “green” ones to safely bring corporate context, governance and compliance into LLM workflows via RAG – and why commoditized data-at-rest puts the advantage at the query layer that unifies data in motion with data at rest. He predicts agentic AI will gain reasoning capabilities in roughly 18 months, cites industry indicators like Google reporting ~25% of its software now built by AI and argues that high switching costs will give way to disruption as buyers reassess legacy vendors. The conversation closes with concrete momentum: ~33% YoY growth, ARR in the ~$135M range, gross dollar retention ~98%, cloud NDR ~130, ~50% of business now in the cloud, landing ~3 new customers per day, a path to cash-flow breakeven in the next two quarters and a teaser for AI-related announcements in the next two months. Listeners will find notable stats, real-world use cases and forward-looking views on how databases power reliable AI at enterprise scale.
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Henri Delahaye, RAISE Summit
In this theCUBE + NYSE Wired: Mixture of Experts segment from the New York Stock Exchange, theCUBE’s John Furrier sits down with Raj Verma, CEO of SingleStore, to unpack how the intersection of technology and finance is shaping enterprise strategy. Verma shares why SingleStore is “on course” for the public markets, reflects on brand-building through the company’s partnership with golf Hall of Famer Padraig Harrington and connects that ethos to how SingleStore helps organizations fix struggling data “swings.” The discussion zeroes in on what’s next as Wall Street watches the AI infrastructure buildout: after chips and systems, the software and data layers set the pace for value creation.
Verma outlines why enterprises must modernize “brown” data estates into “green” ones to safely bring corporate context, governance and compliance into LLM workflows via RAG – and why commoditized data-at-rest puts the advantage at the query layer that unifies data in motion with data at rest. He predicts agentic AI will gain reasoning capabilities in roughly 18 months, cites industry indicators like Google reporting ~25% of its software now built by AI and argues that high switching costs will give way to disruption as buyers reassess legacy vendors. The conversation closes with concrete momentum: ~33% YoY growth, ARR in the ~$135M range, gross dollar retention ~98%, cloud NDR ~130, ~50% of business now in the cloud, landing ~3 new customers per day, a path to cash-flow breakeven in the next two quarters and a teaser for AI-related announcements in the next two months. Listeners will find notable stats, real-world use cases and forward-looking views on how databases power reliable AI at enterprise scale.
In this exclusive Mixture of Experts segment, RAISE Summit co-founder and CEO Henri Delahaye joins theCUBE + NYSE Wired’s Gemma Allen to explore how a bold idea to enter the AI conversation without technical roots transformed into a premier international gathering for next-gen innovation. Delahaye recounts the journey of building RAISE into a breakout AI summit at the Carrousel du Louvre – emphasizing premium, curated experiences over scale. He explains how the team moved fast, partnered with industry veterans and carved a niche with global reach and a sharp ...Read more
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What is the background and inception of the Ray Summit event in Paris?add
What strategies are being considered to differentiate the Rays event from existing large trade shows?add
What is the expected attendance and notable participants for the event in Paris in July?add
>> I'm Gemma Allen coming to you from our studio here at the New York Stock Exchange. This is theCUBE and NYSE Wired, Mixture of Expert series. And today I am talking to Henri Delahaye, CEO and co-founder of Ray Summit, a summit that happens in Paris in July and certainly took the global world of AI in tech by storm last year. Welcome, Henri.
Henri Delahaye
>> Hi, Gemma. Good to be on the show and thanks for borrowing me.
Gemma Allen
>> So I was in Paris last year. It was a phenomenal couple of days, huge attendance, some incredible speakers, and I think a lot of folks really were unanimous in their view that the energy was pretty palpable, right? Tell me a little bit about the inception of Rays, the journey you've been on as a community builder and event leader, how did this all start?
Henri Delahaye
>> Yes, sure. So I would say it's a pretty fun adventure and a while ride. I was not really supposed to go into the event space. Basically, Adrian, which is one of my co-founder, we were friends in high school and for some reasons we connected three years ago, six months after the launch of ChatGPT. And I was straight out of college. Adrian used to work in finance in London and then at a software company and we say, "Okay, how can we basically be involved in the AI space without obviously the two of us being technical co-founders?" And we deep dive into the space and we realized that the event space, despite COVID and despite digital being everywhere and all of us spending all our days on Zoom, the event space has a lot of momentum, right? Because we all person. And then we met Michael and Charlie, who are the founders of our sister company, Prize Blockchain Week, and we decided to work together to go extremely fast. I think the event space is like every industry. You need to be obsessed by execution, growth, and quality. And yeah, that's the way we basically launched Rays. And we launched in November 2023, so a bit more than two years ago. And since then, the growth has been crazy. And thanks for the feedbacks and thanks for coming last year. It really means a lot.
Gemma Allen
>> Well, I think one thing you have certainly to your advantage is the location. It's at Carrousel du Louvre, which is such an iconic place. One of the most historical places on Earth really legacy meets future, right? Talk to me a little bit about last year in terms of how things went down and how that's shaping what you're planning for 2026.
Henri Delahaye
>> Exactly. I think one of the courtesies of Rays was how can we differentiate ourselves from all the large trade shows that exist? We are a newcomer in the space and how can we make Rays stand out? And the first thing was building a global AI platform. So it's not a Franco French or Franco European event. To do so, I think Paris is an amazing city. We have probably the most iconic venues on Earth and being in the city center of a city for a large tech event is a huge, huge leverage. So that's why we opted for the Carrousel du Louvre to be precise. And it's really, I think, a great way to bring the audience together in a very premium and refined setup.
Gemma Allen
>> And one thing about the Louvre is it has capacity constraints, right? But in some respects, that's a positive for a conference like this because it keeps it somewhat intimate in terms of who attends. From a number perspective, how many people did you have in 2025 and what's the plan for 2026?
Henri Delahaye
>> Sure. I think it's funny because Gemma, when we met last year, I'm sure you have attended much more events than I do, but as I said, every vertical is nowadays being challenged. And I think to be even more premium. And again, I think French are lagging a bit in tech, like Europeans with the US, but where we're pretty good is on luxury and premium experiences. And at Rays, we try to duplicate that European fever on a tech show, right? And obviously we have this capacity selling, but it's a strength, right? Rays is the antethesis of many large rate show in the tech space and all these players are fighting for the highest number of attendees that comes with a lot of dilution. We take a different path being obsessed with quality, getting the creme de la creme and bringing buyers for our partners that are investing and spending a lot of time with us to make this event Rays.
Gemma Allen
>> So tell me about the content track for 2026. The world of AI, it's moving so quickly. The big buzzword right now is agentic. We have seen teams from July of 2025 evolve rapidly year-on-year. What sorts of teams can we expect? What sorts of conversations should we look forward to?
Henri Delahaye
>> So Gemma, I think you know it better than I do because you have fantastic entrepreneurs and founders on a daily basis. It's extremely hard to predict what will be the final agenda for Rays 2026. In one of the paper I wrote on X and LinkedIn before the vacations was my strong feeling is that the last year feels like it was five years. The pace is crazy, so much fundings, so much innovation, so much integrations. It's extremely hard to keep up with what is going on. I think one thematic that is going to be central, especially as Rays is a global AI platform bridging the US, Europe, and the Middle East, and also France from Asia, is sovereign AI. Even if we take a step back from all the political conversation at the moment, what I realize is many players in the infrastructure data center, but also in terms of data and security, sovereign AI all over the conversations and it will be very central at Rays. And I think this agnostic positioning, being in EMEA, being in Paris is a very also differentiator for us. So I would say one for sovereign AI.
Gemma Allen
>> Well, one thing I personally love is that this conference happens in Europe. We've seen a lot of very successful conferences obviously happen in Europe over the years, but it's great to see AI emerging through the mechanism of Rays, and the conversation happening on the ground in somewhere as iconic to as the Louvre. We hear a lot about the investment landscape and Europe versus the US versus the Middle East from an AI perspective. Talk to me as a Frenchman, I guess, about what it means for you and for Adrian to really bring this conversation and centralize so many incredible leaders in France.
Henri Delahaye
>> Yes, 100%. And I think that's also linked to your previous question. I would say the second thematic that will be very big at Rays is going from POCs to systems, and from real AI deployment at scale in enterprise. That's also one of the reason why at RAIS this year we are adding one layer, which is a CIO summit, so chief information gathering, a safe space for them where they can discuss what is working, what is not working, and then they can have one-on-one matchmaking with top AI CEOs. So sovereign AI and enterprise deployment. And to follow up on your question is, I think it's a very big asset, right? Obviously, I wish that the European markets will be as iterative and growing at the same pace as the US, but I can feel from, again, all the conversation that there is a real momentum. And not an anger, but a strong determination to be much more rational and up to date on the AI shift and the new paradigm that brings AI.
Gemma Allen
>> Henri, I'm very excited about the idea of being in Paris in July, especially as we have nonstop freezing snow here in New York. Tell me who is lined up to attend? Is there anything you can share in way of some of the big names and sponsors we can expect to see?
Henri Delahaye
>> Yes, sure. And first of all, Gemma, I really want to thank the world team behind NYSE Wired and to support us since day one, also bring a different audience that is obviously more US based, but thanks a lot for your support and partnership. It's very great to be working on your side. And in terms of the lineup is extremely exciting. We really try to, again, keep that compromising quality. So in terms of very big public listed companies, we have the CEOs of Robinhood, the CEO of NetApp. In terms of more public figure, we have Mark Cuban, big diversity in terms of AI scale ups, AI labs, public listed companies, and trying to bring everyone in the same room. And we will also have like more than 120 speakers on the CIO summits that I mentioned. So mostly CIOs and CTOs of Fortune 1000 companies that will be evenly represented.
Gemma Allen
>> And Henri, for anyone watching or listening who might be interested in joining or attending or sponsoring, close us out with how they can get in touch or how they might become part of this very exciting event in July in Paris.
Henri Delahaye
>> Sure. So basically, I don't want to be overselling. We are already 95% sold out. Demand is crazy. So you can obviously reach out to me on LinkedIn. Obviously, we have an amazing sales team led by Jim that joined us six months ago. My other co-founders, Adrian and Michael, and the rest of the team, we are basically 40 of us working full time to produce Rays. In Paris, we will soon have new crispy announcements to do. And whether you are a scaler, an emerging neo-cloud, an AI lab, or a large enterprise, willing to go big at a Rays, welcome and excited to be working together.
Gemma Allen
>> Well, what a wonderful problem to have to be oversubscribed in January for a conference in July. I know a lot of events players would love to share that problem. So Henri, really excited to see you again this summer. Thanks so much for coming on Mixture of Experts.
Henri Delahaye
>> And my pleasure.
Gemma Allen
>> NYSE.
Henri Delahaye
>> Thanks, Gemma. Thanks again for the interview and can't wait to welcome the team and the New York Stock Exchange crew at Rays. Back to you soon.
Gemma Allen
>> I'm Gemma Allen coming to you from theCUBE Studio here at the New York Stock Exchange. This is our Mixture of Expert series, a Cube program with NYSE Wired. Thanks so much for watching.
Gemma Allen