Starburst, the analytics anywhere company, announced it has secured a $250 million Series D funding round at a $3.35 billion valuation. The financing round was led by Alkeon Capital, with participation from Altimeter and B Capital Group, as well as existing investors Andreessen Horowitz, Coatue Management, Index Ventures and Salesforce Ventures. The round brings Starburst’s total financing to date to $414 million, as the company ramps up operations to meet the industry’s growing demand for faster analytics on decentralized data.
“Every organization has a top-down mandate to take more data-driven actions, but increases in data volumes have forced organizations to move, misplace and mismanage data, creating blind spots that can negatively impact decision-making,” said Justin Borgman, CEO and co-founder of Starburst. “Starburst streamlines data access and analytics across silos, clouds and business lines, enabling organizations to become truly data driven. Today’s financing is a reflection of our continued growth and ‘workhorse’ mentality, from achieving profitability in our first two years of operation to tripling customer adoption in the past 12 months.”
Starburst is breaking down legacy barriers created by a decades-old paradigm: The single source of the truth. This data centralization approach, commonly associated with data warehousing, requires data to move and be prepared prior to analyzing it. This process is expensive, creates data lock-in, and forces tradeoffs in how quickly data teams can analyze the data they need to make critical decisions.
Starburst is powering a new era of data analytics for companies across the globe, including Zillow, Standard Chartered, and Carrefour Brazil. Starburst removes the need to move data before analyzing it; significantly decreasing time to insight, and powering faster decisions. Core technical use cases span fast SQL-based queries on data lakes or lakehouses, through more complex use cases joining data sets on a distributed Data Mesh architecture. Ultimately, Starburst is able to help organizations like FINRA detect fraud, AssuranceIQ increase conversion rates by 10%, and Priceline reduce data storage costs.
About Starburst
Starburst is the analytics engine for all your data. We provide the fastest, most efficient analytics engine for your data warehouse, data lake, or Data Mesh. We unlock the value of distributed data by making it fast and easy to access, no matter where it lives. Starburst queries data across any database, making it instantly actionable for data-driven organizations.