Total amount raised
$297 Millions
Latest funding date
8/1/2022
Location
StarTree has successfully raised significant funding across multiple rounds, with its latest being a Series B. The company offers a platform-as-a-service version of the Apache Pinot analytics platform, designed for real-time data insights.
Keep reading to explore the intricacies of StarTree's fundraising journey and the investors backing this innovative platform.
What Is StarTree?
StarTree, founded in 2018, is a cloud-based software company located in Mountain View, California. The company was established by Kishore Gopalakrishna and Xiang Fu, the core team behind Apache Pinot™.
StarTree specializes in providing a platform-as-a-service version of Apache Pinot, enabling businesses to gain advanced insights from real-time and historical data. Their offerings include StarTree Cloud, Bring Your Own Cloud (BYOC), and StarTree ThirdEye for anomaly detection.
With a team of 101-250 employees, StarTree continues to innovate in the field of real-time analytics, serving a diverse range of industries and use cases.
How Much Funding Has StarTree Raised?
- Seed Round
- Amount Raised: $4M
- Date: November 2019
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and commercialization of Apache Pinot.
- Series A
- Amount Raised: $24M
- Date: May 2021
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series B
- Amount Raised: $47M
- Date: August 2022
- Lead Investors: GGV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development, expand sales and marketing, and open an office in India.
Total Amount Raised: $75M. Current Valuation: Not publicly disclosed.
Key Investors
- GGV Capital
- Details: GGV Capital is a global venture capital firm that invests in early and growth-stage companies. They have a strong presence in both the U.S. and China.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Alibaba, Slack, Square.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that focuses on growth-stage technology companies. They have a history of helping companies scale and achieve significant growth.
- Investment Focus Areas: Technology, enterprise software, consumer internet.
- Notable Investments: LinkedIn, Box, Fitbit.
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, investing from seed to growth stages. They leverage the broader Bain Capital platform to support their portfolio companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
- CRV
- Details: CRV, formerly known as Charles River Ventures, is an early-stage venture capital firm. They have been investing in technology startups for over 40 years.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Twitter, Zendesk, DoorDash.
- Notable Capital
- Details: Notable Capital is an investment firm known for backing innovative technology companies. They focus on providing strategic support to their portfolio companies.
- Investment Focus Areas: Technology, software, data analytics.
- Notable Investments: Information not publicly disclosed.
What's Next for StarTree?
StarTree is poised to capitalize on the growing demand for real-time analytics, with plans to expand its commercial services and launch a self-service database as a service (DBaaS) approach. The company aims to double its staff and open an office in India, signaling significant growth opportunities. With a robust financial backing of $75 million, StarTree is well-positioned to enhance its product offerings and expand its market reach.
Future fundraising rounds seem likely as the company continues to innovate and meet skyrocketing customer requirements. However, StarTree will need to navigate competitive pressures from other real-time analytics vendors and ensure its technology remains scalable and secure. Balancing rapid growth with maintaining high performance and low latency will be crucial for sustained success.
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