Technology

Starburst raises $100 million to take on data lake rivals

Starburst Information has raised $100 million as the information analytics firm continues to trip the surge in knowledge lakes. Andreessen Horowitz led the round of funding, which additionally included Index Companions, Coatue, and Salesforce.com’s enterprise capital arm.

The funding comes simply six months after Starburst raised $42 million, bringing its complete to $164 million for a valuation of $1.2 billion. And the newest announcement got here on the identical day that one other knowledge lakes firm, Dremio, announced it had raised $100 million.

So what’s this arms race all about? As corporations grapple with rising quantities of data, data lakes enable them to pool structured and unstructured knowledge into one spot, which then facilitates the motion and processing of that knowledge.

“We imagine we’re fixing the largest downside that the large knowledge period couldn’t: Providing quick entry to knowledge, no matter the place it lives,” wrote Starburst CEO Justin Borgman in a blog post.

Within the case of Starburst, it’s constructed on Presto, an open-source challenge developed at Fb. Certainly, 3 of Starbursts’ co-founders are from Fb the place they labored on the challenge.

Starburst started life as Hadapt, a startup based by Borgman. Teradata acquired Hadapt in 2014 however later spun off Starburst in 2017. Alongside the best way, Hadapt-Starburst shifted its focus from Hadoop to Presto.

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