- Starburst announced that it has raised $22 million in Series A funding to redefine the modern data warehouse architecture
Starburst has announced that it has raised $22 million in Series A funding in order to invest in redefining the modern data warehouse architecture with its enterprise-ready Presto offering. This round of funding was led by Index Ventures and partner Mike Volpi is joining the board. This round of funding will enable Starburst to invest in product development, customer acquisition, and growth.
“Starburst delivers data warehousing analytics, without the data warehouse,” said Starburst co-founder and CEO Justin Borgman. “Nobody has had more success scaling open source businesses than Mike Volpi, and we are thrilled to have him join our board.”
Starburst was originally created by co-founders Martin Traverso, Dain Sundstrom, and David Phillips while they were at Facebook in 2012. And Presto is now the fastest-growing distributed SQL query engine available today. Many enterprises across industries are using Presto for its ultra-high-performance, concurrency, scalability, and ability to query petabyte-sized datasets, regardless of their location.
Essentially, Starburst Presto turns the traditional data warehousing model on its head by enabling analysts to access data wherever it lives, via a simple SQL query. And analysts no longer have to wait for IT to move the data into the data warehouse in order to be analyzed. Plus data engineers no longer have to worry about data duplication and complex ETL processes. Data architects and data platform owners have infinite flexibility to adjust where their data is stored over time, without being locked-in to one particular storage vendor.
Large enterprises are constantly suffering from a data silo problem, where data is created and stored in a variety of disparate systems. And traditional data warehouse products approach the problem by requiring customers to create duplicate copies of data from those source systems, transform it, and load it into one “single source of truth.”
This approach is very time- and resource-intensive and results in painful vendor lock-in. And as the industry gradually transitions to the cloud, the requirement to access data across public and private clouds only exacerbates the need for a different strategy.
“Data is becoming the greatest differentiator in today’s competitive environment,” added Volpi. “Presto delivers unparalleled insight from that data, enabling businesses everywhere to bolster their competitive advantage. They are uniquely positioned to become one of the greatest data companies of our time.”
Starburst is already profitable and the company is working with an impressive roster of high-profile customers, including Comcast, FINRA, and Zalando.
