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Starburst Data Valuation Hits $1.2 Billion After $100 Million Funding Round

By Colin Kellaher

 

Enterprise-software startup Starburst Data Inc. on Wednesday said it raised $100 million in a Series C funding round at a valuation of $1.2 billion.

Venture-capital giant Andreessen Horowitz led the round, which brings Starburst's total financing to $164 million and makes the Boston company a unicorn, or a privately held startup valued at $1 billion or more.

Salesforce Ventures, the venture arm of business-software giant Salesforce.com Inc., also participated in the round, along with previous investors Coatue Management and Index Ventures.

Starburst, which is built around the open-source query engine Presto, counts Comcast, Conde Nast and the Financial Industry Regulatory Authority among its customers. The startup, founded in 2017, raised $42 million in a Series B round last June.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 06, 2021 11:34 ET (16:34 GMT)

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