Total amount raised
$414 Million
Latest funding date
2/1/2022
Location
Starburst has successfully raised funding over five rounds, with Citi and B Capital being among the most recent investors. The company offers a data lakehouse platform that unifies access to distributed data across various environments.
Keep reading to explore the intricacies of Starburst's fundraising journey and the investors backing this innovative platform.
What Is Starburst?
Starburst, based in Boston, Massachusetts, is a private company specializing in data management and analytics. The company offers a data lakehouse platform that unifies access to distributed data across cloud, on-premises, and hybrid environments.
Founded with the mission to enable faster AI-driven insights, Starburst has grown to employ between 501-1000 people. The company is trusted by leading data teams globally and provides products like Starburst Galaxy, Starburst Enterprise, and Dell Data Lakehouse.
How Much Funding Has Starburst Raised?
- Series A
- Amount Raised: USD 22,000,000
- Date: November 2019
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's data lakehouse platform capabilities and scale operations.
- Series B
- Amount Raised: USD 42,000,000
- Date: June 2020
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in technology and infrastructure, supporting the company's growth and market reach.
- Series C
- Amount Raised: USD 100,000,000
- Date: January 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support acquisitions and enhance the company's product offerings.
- Series D
- Amount Raised: USD 250,000,000
- Date: February 2022
- Lead Investors: Alkeon Capital
- Valuation at Round: USD 3,350,000,000
- Motivation Behind the Round: To ramp up operations, enhance product offerings, and expand market presence.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: May 2025
- Lead Investors: Citi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and increasing market reach.
Total Amount Raised: USD 414,000,000. Current Valuation: USD 3,350,000,000.
Key Investors
- Citi
- Details: Citi is a leading global bank with approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. It provides consumers, corporations, governments, and institutions with a broad range of financial products and services.
- Investment Focus Areas: Financial services, technology, infrastructure.
- Notable Investments: Starburst.
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on long-term investments in technology and growth sectors. The firm works closely with disruptive private companies to help them expand their market and scale efficiently.
- Investment Focus Areas: Technology, growth sectors, innovation.
- Notable Investments: Snowflake, Spotify, Pinterest.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that invests in early-stage and growth-stage technology companies. The firm is known for its investments in some of the most successful tech companies in the world.
- Investment Focus Areas: Technology, software, internet, biotechnology.
- Notable Investments: Facebook, Airbnb, Lyft.
- Coatue Management
- Details: Coatue Management is a global investment manager focused on technology, media, and telecommunications. The firm invests in both public and private markets, supporting companies through various stages of growth.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: ByteDance, DoorDash, Snap Inc.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. The firm has a strong track record of supporting companies that have become leaders in their respective industries.
- Investment Focus Areas: Technology, software, internet, biotechnology.
- Notable Investments: Dropbox, Slack, Robinhood.
What's Next for Starburst?
Starburst is poised to capitalize on several significant opportunities. With the recent launch of Starburst Galaxy and new capabilities for Starburst Enterprise, the company is well-positioned to expand its customer base and operations, particularly in Europe and the Asia-Pacific market. The $250 million Series D funding round has nearly tripled its valuation to $3.35 billion, providing ample resources to drive further growth and innovation.
Future fundraising opportunities appear promising as Starburst continues to demonstrate robust growth and market demand for faster analytics on decentralized data. The company may pursue additional funding rounds or even an initial public offering (IPO) within the next few years. Strategic acquisitions to enhance its technology stack and market reach are also on the horizon.
However, Starburst faces challenges such as intense competition from other data analytics companies and the complexities of managing rapid growth. Ensuring data security and compliance with regulations will be crucial as the company scales. Despite these hurdles, Starburst's focus on innovation and strategic partnerships positions it well for continued success.
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