Company:Starburst Data

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Short description: American open-source software company


Starburst Data is an open-source software company headquartered in Boston, MA. Their data lake analytics platform: Starburst Enterprise and Starburst Galaxy is powered by open-source Trino (formerly known as Presto), distributed SQL query engine.[1]

History

In December 2017, Teradata announced that the support and development of Presto will operate under a new company, Starburst Data.[2] This unicorn company is founded by database experts: Justin Borgman, Matthew Fuller, and Kamil Bajda-Pawlikowski.

In October 2019, Martin Traverso, Dain Sundstrom, and David Phillips, the original founders of the Presto project at Facebook, joined Starburst.

In November 2019, the company raised $22 Million from Index Ventures. The following year in June 2020, the company raised $42 Million from Coatue and Index Ventures.

In January 2021, Starburst secured $100 Million from Andreessen Horowitz, with participation from Salesforce Ventures, as well as existing investors Coatue and Index Ventures.[3]

In February 2022, Starburst announced a $250 million financing round, nearly tripling its valuation to $3.35 billion and on June 23, 2022, Starburst acquired Varada, a data lake analytics accelerator.[4][5]

References