Starburst Announces $250M Series D

Starburst, a company specializing in data analytics, announced it has secured $250 million in Series D funding, elevating its valuation to $3.35 billion. Led by Alkeon Capital with participation from new and existing investors, this investment signifies strong confidence in Starburst's disruptive approach to data analytics, which allows users to perform analytics without traditional data warehouses. The company's rapid growth is highlighted by a triple increase in annual recurring revenue for the third consecutive year and an expanded global customer base. Starburst's offerings, including its new SaaS product, Starburst Galaxy, cater to the growing popularity of decentralized data architectures like data mesh, addressing data privacy needs while simplifying data access and analytics. The company plans to use the new funding to enhance its technology, accelerate the development of data products, and double its workforce to support ongoing global expansion efforts.