Starburst Revenue, Valuation, Funding & Investors
Starburst is valued at $3.4B as of February 2022.
Last Starburst valuation
$3.4B
Series D · Feb 2022
Last Starburst funding round
$250M
Series D · Feb 2022
Starburst revenue
$100M
Series C · Jan 2021
Key investors in Starburst
Index Ventures
Coatue
Andreessen Horowitz
Salesforce Ventures
B Capital
Altimeter Capital
About Starburst
Starburst is a data analytics platform built on open-source Trino query engine and Apache Iceberg for lakehouse architectures. Headquartered in Boston, it enables organizations to query petabyte-scale data across cloud data lakes, databases like PostgreSQL and MongoDB, and Hadoop without data movement. Starburst Galaxy provides a fully managed SaaS service for data discovery, federated queries, and AI workloads. The company serves enterprises in finance, retail, and healthcare, supporting integrations with tools like Tableau and dbt. Founded in 2017 as a commercial outgrowth of Presto, Starburst powers analytics for Fortune 500 clients.
Founded
2017
HQ
Boston, MAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Jan 2021)
Valuation
$3.4B (Feb 2022)
Starburst Valuation
Starburst is currently valued at $3.4B, based on its Series D in February 2022.
The $250M round was led by Alkeon Capital, with participation from Salesforce Ventures, Index Ventures, Ethos VC, Altimeter Capital, Andreessen Horowitz and 2 other investors.
Starburst's valuation has grown 9.8x from $342M at its Series B in June 2020 to $3.4B in February 2022, across 3 priced rounds.
Starburst valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2022 | Series D | $3.4B | - |
| Jan 2021 | Series C | $1.2B | 12.0x |
| Jun 2020 | Series B | $342M | - |
Starburst Revenue
Starburst's latest recorded revenue is $100M, as of its Series C in January 2021. At a $1.2B valuation, that implies a 12.0x revenue multiple.
Starburst revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2021 | $100M | $1.2B | 12.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Starburst Funding History
Starburst has raised a total of $414M across 4 funding rounds.
Starburst's first fundraising round was a $22M Series A in November 2019. The most recent completed round was a $250M Series D in February 2022.
Starburst funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series D | Alkeon Capital (lead); Salesforce Ventures; Index Ventures; Ethos VC; Altimeter Capital; Andreessen Horowitz; B Capital; Coatue | $250M | $3.4B | Starburst, the analytics anywhere company, provides a data lake query engine based on open-source Trino (formerly Presto) that enables fast analytics on decentralized data across cloud platforms like AWS, Azure, and Google Cloud without moving or centralizing data. It positions itself as a competitor to centralized data warehouses like Snowflake by supporting a data mesh architecture where data remains in place. The company launched Starburst Galaxy, a fully managed SaaS service, to simplify deployment for enterprises. On February 9, 2022, Starburst raised $250 million in a Series D funding round led by Alkeon Capital, with participation from Altimeter Capital, B Capital Group, and existing investors Andreessen Horowitz, Coatue Management, Index Ventures, and Salesforce Ventures. This brought total funding to $414 million and valued the company at $3.35 billion post-money, nearly tripling the prior $1.2 billion valuation from its $100 million Series C in January 2021. CEO Justin Borgman highlighted ambitions for an IPO within two to three years. Proceeds will accelerate product development, particularly Galaxy enhancements for multi-cloud data access, expand sales and engineering teams (aiming to double its 350-person staff), enter the Asia-Pacific market with a new office, and pursue acquisitions to bolster data mesh capabilities. Starburst reported 3X growth in customers and ARR over the prior year, grew its headcount threefold in 2021, and described itself as profitable, though specific revenue, ARR, or EBITDA figures were not disclosed. The round reflects strong investor interest in cloud data analytics amid a venture funding boom in 2021-2022, driven by low interest rates and demand for decentralized data solutions fueled by supply chain issues and remote work during the pandemic. Starburst differentiates by eliminating data movement costs and enabling faster insights for AI and machine learning. |
| Jan 2021 | Series C | Andreessen Horowitz (lead); Salesforce Ventures; Index Ventures; Coatue | $100M | $1.2B | Starburst, the analytics anywhere company founded in 2018, announced $100 million in Series C funding led by Andreessen Horowitz, with participation from Salesforce Ventures and existing investors Coatue and Index Ventures. This round brought total financing to $164 million and elevated the company's valuation to $1.2 billion. Starburst commercializes open source Presto, a query engine that enables data analysis without moving data, serving customers like Comcast, FINRA, Condé Nast, and Zalando. The funding supports Starburst's mission to unlock data value by providing fast, easy access across any database, reducing infrastructure costs, preventing vendor lock-in, and integrating with existing tools. Growth is driven by the shift in organizational data access and analytics approaches. Andreessen Horowitz's David George highlighted Starburst's disciplined approach and vision for data-driven enterprises. Starburst hosted its inaugural data strategy event, Datanova, on February 9-10, 2021. Subsequent rounds included a Series D in February 2022 at $3.35 billion valuation. |
| Jun 2020 | Series B | Coatue (lead); Index Ventures | $42M | $342M | Starburst, a Boston-based data analytics company, develops an open-source analytics platform focused on data lakehouse capabilities, enabling organizations to query data across various sources without lock-in. The company bootstrapped to profitability before raising venture capital. In June 2020, Starburst announced a $42 million Series B funding round led by Coatue, with participation from Index Ventures, just six months after its $22 million Series A in November 2019 also led by Index Ventures. The funds were intended to invest in technology, infrastructure, and expanding market reach amid growing demand for data access and analytics, especially during the COVID-19 impact on data strategies. Starburst emphasized capital-efficient growth, aiming to reach a $1 billion valuation with minimal capital raised, positioning itself as a 'workhorse' rather than a typical unicorn prone to failure from excessive burn. The round added Coatue partner Caryn Marooney to the board alongside Index Ventures' Mike Volpi. By the time of the Series B, Starburst had built a passionate team focused on product development and global customer needs. Following the Series B, Starburst continued rapid expansion, tripling headcount in 2020 and raising a $100 million Series C in early 2021 led by Andreessen Horowitz, achieving unicorn status with over $1 billion valuation. Subsequent rounds included a $250 million Series D in February 2022, bringing total funding to around $414 million and valuation to $3.35 billion as of that time. The company planned global growth, product development, and initiatives like the Datanova conference. |
| Nov 2019 | Series A | Index Ventures (lead); Ameet Patel | $22M | - | Starburst is a Boston-based big data analytics company that commercializes the open-source Presto distributed SQL query engine, enabling interactive queries across diverse data sources like data lakes to support faster analytics without vendor lock-in. The company was formed by uniting Presto's original inventors with entrepreneurs who saw its commercial potential, positioning it as a key player in data infrastructure and analytics. In November 2019, Starburst raised $22 million in a Series A funding round led by Index Ventures, with participation including Ameet Patel, to expand its data lakehouse platform capabilities and scale operations. Index Ventures, known for backing open-source and data infrastructure firms like Snowflake, saw strong alignment with Starburst's technology. The company has served enterprises like Comcast, FINRA, and Condé Nast, focusing on lowering infrastructure costs and enabling better data-driven decisions. Subsequent rounds included a $42 million Series B in June 2020 led by Coatue (one source claims $300M valuation), $100 million Series C in January 2021 at $1.1-3.1B valuation range across sources, and a $250 million Series D in February 2022 at $3.35 billion valuation led by Alkeon Capital, bringing total funding to $414 million. Funds supported product development like Starburst Galaxy SaaS, global expansion, and potential acquisitions amid rising demand for decentralized data analytics. |
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Who has invested in Starburst?
9 investors have backed Starburst across its funding rounds, including Index Ventures, Coatue, Andreessen Horowitz, Salesforce Ventures, B Capital and Altimeter Capital.
Lead investors include Alkeon Capital, Andreessen Horowitz, Coatue and Index Ventures.
Starburst Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 4 | Lead | Nov 2019 | |
| New York City, NY | 3 | Lead | Jun 2020 | |
| San Francisco, CA | 2 | Participant | Jan 2021 | |
| San Francisco, CA | 2 | Lead | Jan 2021 | |
| San Francisco, CA | 1 | Participant | Feb 2022 | |
| San Francisco, CA | 1 | Participant | Feb 2022 | |
| Los Angeles, CA | 1 | Participant | Feb 2022 | |
This data is available for Pro users. Sign up to see all 9 Starburst investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Starburst
Starburst has acquired 1 company to date.
Last acquisition by Starburst was on June 23rd 2022. Starburst acquired Varada for $50M.
Latest Acquisitions by Starburst
| Description | Tel Aviv-based Varada is a data platform that accelerates SQL queries on cloud data sources through dynamic analysis and adaptive indexing. The solution enables data architects to optimize workloads across data lakes and warehouses in AWS, Azure, and Google Cloud environments. |
| HQ Country |  |
| HQ City | Tel Aviv |
| Deal Date | 23 Jun 2022 |
| Valuation | $50M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Starburst acquisitions and their M&A valuation multiples. Start Free Trial | |
Starburst Competitors
Starburst competitors include listed companies like Teradata and Business-intelligence, and private ones like Dataiku, PingCAP, Devo and Neo4j.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | $150M | - | $3.7B | 24.7x | |
| San Francisco, CA | Private | - | - | $3B | - | |
| United States | Publicly listed | $1.7B | $285M | $2.7B | 1.5x | |
 China | Publicly listed | $389M | $54M | $2B | 5.9x | |
| United States | Private | - | - | $2B | - | |
 Malmo | Private | $200M | - | $2B | 10.0x |
Starburst Public Comps
Starburst is still privately-owned, but its public comps include Dameng Database, Geovis, Sportradar, Teradata, Xunce Technology, Shanghai DZH, Karooooo, DoubleVerify, Business-intelligence and Innodata.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $399M | $44M | 9.8x | 8.4x | 87.8x | - | |||
| $1.5B | $613M | 2.3x | 2.1x | 5.6x | 8.7x | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $123M | ($545K) | 18.1x | - | (4082.3x) | - | |||
| $337M | $148M | 6.3x | 5.7x | 14.3x | 13.8x | |||
| $748M | $136M | 2.7x | 2.5x | 14.6x | 7.4x | |||
This data is available for Pro users. Sign up to see all Starburst competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Starburst
| When was Starburst founded? | Starburst was founded in 2017. |
| Where is Starburst headquartered? | Starburst is headquartered in Boston, MA, United States. |
| Is Starburst publicly listed? | No, Starburst is a private, VC-backed company. |
| What is Starburst's valuation? | Starburst was last valued at $3.4B in its Series D in February 2022. |
| How much funding has Starburst raised? | Starburst has raised $414M across 4 funding rounds. |
| What was Starburst's last funding round? | Starburst's last funding round was a $250M Series D in February 2022, led by Alkeon Capital. |
| Who are Starburst's investors? | Starburst's investors include Index Ventures, Coatue, Salesforce Ventures, Andreessen Horowitz, Ethos VC, Altimeter Capital, B Capital, Alkeon Capital and Ameet Patel. |
| What is Starburst's revenue? | Starburst's latest recorded revenue is $100M (January 2021). |
| What is Starburst's revenue multiple? | Starburst's latest valuation implies a 12.0x revenue multiple ($1.2B valuation on $100M of revenue). |
| Which companies are comparable to Starburst? | Companies comparable to Starburst include Dataiku, PingCAP, Teradata, Business-intelligence, Devo and Neo4j. |
| How many companies has Starburst acquired? | Starburst has acquired 1 company, including Varada. |
| What was the largest acquisition by Starburst? | The $50M acquisition of Varada in June 2022 is the largest acquisition Starburst has made to date. |
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