Total amount raised
$414 Millions
Latest funding date
2/1/2022
Location
Starburst has successfully raised significant funding through multiple rounds, including a Series D round closed on February 9, 2022. The platform is an analytics solution that queries data across any database, making it instantly actionable for data-driven organizations.
Keep reading to explore the intricacies of Starburst's fundraising journey and the investors backing this innovative platform.
What Is Starburst?
Starburst, founded on October 8, 2017, is headquartered in Boston, Massachusetts. The company was established by a team of twelve founders, including Justin Borgman, Martin Traverso, and David Phillips. Starburst employs between 501 and 1000 people.
Starburst offers a data lakehouse platform built with Trino and Apache Iceberg, designed to accelerate AI from development to deployment. Their platform unifies data access, democratizes data collaboration, and ensures secure and governed data management.
By providing instant access to enterprise data, Starburst enables faster queries and reduces the total cost of ownership, making it a valuable tool for data-driven organizations.
How Much Funding Has Starburst Raised?
- Series A
- Amount Raised: $22M
- Date: November 2019
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial growth.
- Series B
- Amount Raised: $42M
- Date: June 2020
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product capabilities and scale operations.
- Series C
- Amount Raised: $100M
- Date: January 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market presence and accelerate product development.
- Series D
- Amount Raised: $250M
- Date: February 2022
- Lead Investors: Alkeon Capital
- Valuation at Round: $3.35 billion
- Motivation Behind the Round: To meet growing demand for faster analytics on decentralized data and support expansion.
Total amount raised: $414M. Current valuation: $3.35 billion.
Key Investors
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on both private and public growth and technology companies. They led Starburst's Series D funding round.
- Investment Focus Areas: Growth companies, technology, category definers.
- Notable Investments: Spotify, Pinterest, Alibaba.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that invests in early-stage and growth-stage technology companies. They led Starburst's Series C funding round.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Facebook, Airbnb, Slack.
- Coatue Management
- Details: Coatue Management is a global investment manager focused on public and private companies in the technology, media, and telecommunications sectors. They led Starburst's Series B funding round.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, DoorDash, ByteDance.
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology-enabled companies. They led Starburst's Series A funding round.
- Investment Focus Areas: Technology-enabled companies.
- Notable Investments: Dropbox, Etsy, Robinhood.
- B Capital Group
- Details: B Capital Group is a venture capital firm that partners with growth-stage companies. They participated in Starburst's Series D funding round.
- Investment Focus Areas: Growth-stage companies.
- Notable Investments: Bird, Ninja Van, Atomwise.
What's Next for Starburst?
Starburst stands at the cusp of significant growth, driven by the increasing demand for faster analytics on decentralized data. With a $250 million Series D funding round, the company is well-positioned to capitalize on the Data Mesh architecture and expand its SaaS offerings like Starburst Galaxy. The potential for growth is immense, particularly with the expansion into new markets and strengthening partnerships with major cloud providers.
Future fundraising opportunities appear promising as Starburst continues to demonstrate robust growth and innovation. The company’s strong market position and traction make it an attractive candidate for additional investment rounds, potentially leading to an IPO within the next few years. However, challenges such as competition, managing rapid growth, and ensuring data security could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Starburst and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
