Starburst, the analytics anywhere company, is receiving $100 million in Series C funding, enabling the company to expand upon its single point of access mission.
This recent financing bringing the three-year-old company’s total to $164 million and valuation to $1.2 billion. The financing round was led by Andreessen Horowitz, with participation from Salesforce Ventures, as well as existing investors Coatue and Index Ventures.
Presto is the engine behind Starburst's technology, and the company employs all four creators of the open source project. Originally developed at Facebook in 2012, Presto makes it possible to quickly analyze data anywhere. In December, PrestoSQL was rebranded as Trino.
“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,” said Justin Borgman, CEO and co-founder of Starburst. “We provide high-performance data warehousing analytics across data you never had access to before.”
Salesforce Ventures’ participation in the round is driven by Salesforce.com’s ownership of Tableau, the leading data visualization platform. Starburst allows Tableau, a Salesforce company, users to quickly analyze and visualize data across multiple data sources without ever needing to leave the Tableau user interface.
“Empowering people with timely, trustworthy information that can be easily analyzed has never been more important as organizations look to adapt and evolve with a culture rooted in data,” said Francois Ajenstat, chief product officer at Tableau. “Backed by an incredible team and vision, Starburst has set itself apart with best-in-class solutions that will help even more people unlock the power of data. We’re excited to partner closely with Starburst and look forward to watching their continued success unfold.”
Starburst customers include Comcast, FINRA, Condé Nast and Zalando, and its growth continues to be fueled by the fundamental shift in how organizations approach data access and analytics.
For more information about this news, visit https://www.starburstdata.com/.