Starburst

Headquarters: Boston

CEO: Justin Borgman

Funding: The $250 million Series D round of funding, which brings Starburst’s total funding to $414 million, nearly triples the company’s valuation to $3.35 billion.

Investors: The round was led by Alkeon Capital with participation from Altimeter and B Capital Group, as well as existing investors Andreessen Horowitz, Coatue Management, Index Ventures and Salesforce Ventures.

What company does: Starburst’s data analytics platform, built on the Trino parallel processing SQL query engine, analyzes huge volumes of data distributed across multiple locations.

CEO Quote: “Every organization has a top-down mandate to take more data-driven actions. But increases in data volumes have forced organizations to move, misplace and mismanage data, creating blind spots that can negatively impact decision-making. Starburst streamlines data access and analytics across silos, clouds and business lines, enabling organizations to become truly data driven. Today’s financing is a reflection of our continued growth and workhorse mentality, from achieving profitability in our first two years of operation to tripling customer adoption in the past 12 months.”