Starburst Data Nabs $100 Million Funding at $1.2 Billion-Dollar Valuation

Source: Starburst Data

Starburst Data has secured a Series C funding round worth $100 million, according to a press release on the company’s website. The venture capital brings Starburst’s total raised to $164 million since its founding in 2017. It also gives the data analytics solution provider a valuation of $1.2 billion. The new Starburst funding was led by Andreessen Horowitz, with participation from Salesforce Ventures, as well as existing investors.

Starburst Data offers a data access and analytics tool that is based on Presto. it provides fast and interactive enterprise-ready distribution, consisting of additional tooling and configurations that enable data analysts to run queries against various data sources ranging in size from gigabytes to petabytes. The solution also includes a cost-based query optimizer which improves Presto query performance, by over an order of magnitude in many cases.

The Starburst funding comes on the heels of the company’s significant success in commercializing the open-source Presto query engine that removes the need to move data in order to analyze it. Some of Starburst’s most notable customers include Comcast, FINRA, and Zalando.

In a media statement about the news, Starburst co-founder and CEO Justin Borgman said “Today, the only constant is change, and organizations need to make faster and better decisions in order to adapt. Starburst is changing the game by allowing you to query the data wherever it lives. We provide high-performance data warehousing analytics across data you never had access to before.”

Read more about the Starburst funding in the blogs Starburst Announces $100M Series C Led by Andreessen Horowitz and Unicorn Valuation, Workhorse Values: Part 2 of Our Series C Announcement.