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10 Cool Tech Companies That Raised Funding In February 2022

Rick Whiting

Next-generation technology developers in MDR cybersecurity, API security, multifactor authentication, data capture and transformation, and data warehousing and data lakes reported new rounds of funding.

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.”

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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