Starburst Highlights Impressive Business and Customer Growth Driven by Rapid Adoption of Starburst Galaxy SaaS Solution

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Company Debuts on Inc. 5000 List of Fastest-Growing Private Companies, Fueled by Demand to Serve as Foundation for Data Mesh and Data Lakehouse Architectures

BOSTON, August 16, 2022 /PRNewswire/ — star burst, the anywhere analytics company, today announced significant momentum for the business and customers, as industry demand for faster analysis of decentralized data continues to grow. Starburst marked the end of the second quarter with 3x annual recurring revenue (ARR) growth, 122% customer growth and 61% employee growth.

On the heels of a $250 million Series D Funding Round led by Alkeon Capital, Starburst stepped up its operations by announcing David Freeman as the company’s first chief financial officer. Freeman brings more than two decades of leadership experience in finance, strategy and operations from companies such as Intel, NetSuite, Nutanix, Palo Alto Networks and ThoughtSpot. Starburst has also hired Alison Huselid as Senior Vice President of Product Management, who brings extensive industry experience from organizations such as Adobe, Atlassian, Cisco and IBM. Most recently, she was a Product Manager at Atlassian, where she was instrumental in their transition from self-managed to cloud-centric products.

Starburst’s continued growth demonstrates the company’s commitment to product innovation. Less than a year after its introduction, Starburst closed its first-ever seven-figure customer contract for Starburst Galaxy, the company’s managed service, and expanded its global customer base, including Societe Generale, VMware and Würth Group. After Star Burst acquisition from the Varada Data Lake Analytics Accelerator in June, Starburst Smart indexing and caching will soon be available in limited preview on AWS, enabling customers to reduce cloud compute costs by up to 40% and increase query performance by up to 7x.

“With our analytics engine uniquely positioned to work with different data architectures, including Data Mesh and Data Lakehouse, we are able to empower our customers to make better decisions faster, regardless of the situation. ‘where their data is,’ said justin borgman, CEO and co-founder of Starburst. “Our self-service Galaxy product is another growth driver for us, putting this same powerful processing engine in the hands of even more data professionals while removing their need to manage infrastructure.”

“I am truly proud to be generating an outcome for humanity that has changed the way we treat COVID-19 with Starburst,” said Richard Jarvis, CTO of the EMIS group. “We have published groundbreaking research on the treatment of COVID-19 based on analyzes performed by Starburst on our data.”

In 2022, Starburst also received various notable industry accolades, including its 825th place on the Inc. 5000 list, its nomination as “Data Access Solution of the Year” in 2022. Data Breakthrough Award program, being included as a representative seller in the Gartner® 2022 Market Guide for Analytics Query Acceleratorsawarded “Growth Gamechanger” for Cloud Marketplace innovation by Tackle.ioand to be shortlisted for the Women in IT Awards.

Recent Starburst highlights and milestones include:

Company momentum

  • Employee growth: Starburst has grown its workforce by 61% over the past 12 months. The company has also made several top employer lists such as Forbes’ America’s Best Startup Employers 2022 and Built In’s Best Workplaces Boston.
  • Funding and Investors: Starburst’s Series D funding round, led by Alkeon Capital, with participation from Altimeter and B Capital Group, brought the company’s total funding from four years to $414 million with a market valuation of $3.35 billion.
  • EMEA Acceleration: Starburst’s client base has grown 300% over the past year with the inclusion of industry leaders like Glovo, Sky and Standard Chartered Bank to its impressive client list. This growth was supported by 35 new hires in the EMEA team.

Product innovation

  • New Lakehouse Ability: Starburst announced the Great Lakes connector for object storage catalogs. It allows users of the existing AmazonS3 , Azure Data Lake Storageand Google cloud storage catalogs to exploit Iceberg and Delta Lake table formats, adding to existing capabilities that support Hive tables. Users can now use Iceberg and Delta Lake features to automate tedious data tasks, including clustering, caching, compacting small files, catalog synchronization, and table metadata scaling.
  • SOC 2 Types 1 and 2 and ISO 27001 compliance: To provide another layer of trust for customers and partners, Starburst has significantly improved security compliance, showing its commitment to the highest security standards in the industry.
  • Starburst Galaxy security improvements: Starburst continues to add to its security story, with users now able to define cluster and datasource access up to the at table level. This ensures that only users who need access to the data can access it. Users can also now take advantage of the single sign-on (SSO) feature to add an extra layer of security in Starburst Galaxy, giving organizations using Okta or Azure Active Directory the ability to centralize access to the platform.
  • Starburst Enterprise Security Enhancements: Starburst has added built-in access control, allowing any customer to take advantage of strict and granular access control and compliance on all data. These native features make it easy to set up the correct access rights for any user to catalogs and individual schemas and tables. Built-in roles and privileges extend not only to data, but also to web UI permissions and Data products. Data products were unveiled at Starburst’s annual Datanova conference, which empowers data producers to create, maintain, and share high-quality, curated datasets.

Customer and Partner Excellence

  • Customer Growth: Starburst has grown its global customer base by 122% in the past 12 months and closed its first-ever Starburst Galaxy seven-figure customer.
  • Partner Momentum: Starburst announcement a partnership with Alibaba Cloudthe digital and intelligence technology backbone of the Alibaba Group, to provide Starburst Enterprise to the Greater China market. The company has launched executive briefing programs with Accenture and Slalom to engage CIOs and CDOs on Data Mesh. Starburst was also recognized as an FY22 Microsoft Partner of the Year finalist in the Rising Azure Technology category.

A one-of-a-kind showcase of technology partners — Datanova: taking the data mesh from theory to practice — is organized by Starburst on September 292022. Book your spot now.

Growing Open Source Trino Community

  • 10th anniversary of Trino: Starburst recently famous the tenth anniversary of the open source SQL query engine Trino. Launched as the Presto open source project in 2012, Trino has become one of the most widely adopted open source projects of the past decade, with over 5.9K astronomers on GitHubup 269% since December 2020 when PrestoSQL was renamed Trinoand thousands of global enterprises leverage it to accelerate data analytics.
  • Second Annual Trino Summit: In May, Starburst held its second annual Trino Summit, which included big announcements for the Trino community, including the first beta release of Tardigrade Project work and integrations with popular ELT tools.

Registrations for the next trino summit — a hybrid event at the Commonwealth Club of San Francisco, California on November 10, 2022 – are also now open. Book your spot now.

About Starburst

Starburst is the analysis engine for all your data. We provide the fastest and most efficient analytics engine for your data warehouse, data lake or data mesh. We unlock the value of distributed data by making it fast and easy to access, wherever it resides. Starburst queries data in any database, making it instantly actionable for data-driven organizations. With Starburst, teams can reduce the total cost of their infrastructure and analytics investments, avoid vendor lock-in, and use existing tools that work for their business. Trusted by companies like Apache Corporation, Comcast, Doordash, FINRA, Marks and Spencer, and VMware, Starburst helps businesses make better, faster decisions on any data.

SOURCE Starburst Data

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