Starburst Announces $42 Million Series B

Starburst has raised $42 million in Series B funding, following a successful $22 million Series A round just six months prior, bolstering its position as a cash-flow positive business rooted in open-source innovation. The funding will facilitate Starburst's mission to provide fast and affordable data access to enterprises, particularly during challenging economic times, by enhancing their analytics capabilities with minimal total cost of ownership. With new investment from Coatue, whose team includes experienced data industry leaders, Starburst aims to expand its influence and maintain its commitment to capital-efficient growth. The company, originally built on the open-source Presto platform, emphasizes its dedication to authenticity and long-term success, seeking to become a significant player in the data analytics space without excessive capital expenditure, and is actively hiring to support its growth trajectory.