We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!

Starburst Data has raised $100 million as the data analytics company continues to ride the surge in data lakes. Andreessen Horowitz led the round, which included Index Partners, Coatue, and Salesforce’s venture capital arm.

The funding comes just six months after Starburst raised $42 million, bringing its total to $164 million for a valuation of $1.2 billion. And the latest announcement came on the same day another data lake company, Dremio, announced it had raised $100 million.

So what’s this arms race all about? As companies grapple with growing amounts of information, data lakes allow them to pool structured and unstructured data in one spot, which then facilitates the movement and processing of that data.

“We believe we are solving the biggest problem that the big data era couldn’t: offering fast access to data, regardless of where it lives,” Starburst CEO Justin Borgman wrote in a blog post.


Transform 2022

Join us at the leading event on applied AI for enterprise business and technology decision makers in-person July 19 and virtually from July 20-28.

Register Here

In the case of Starburst, it’s built on Presto, an open source project developed at Facebook. Indeed, three of Starbursts’ cofounders are from Facebook, where they worked on the project.

Starburst began life as Hadapt, a startup founded by Borgman. Teradata acquired Hadapt in 2014 but spun Starburst off in 2017. Along the way, Hadapt-Starburst shifted its focus from Hadoop to Presto.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.