Starburst Highlights Impressive Company and Customer Growth, Driven by Rapid Adoption of SaaS Solution Starburst Galaxy
Company debuts on Inc. 5000 list of fastest-growing private companies, fueled by demand to serve as foundation of Data Mesh and Data Lakehouse architectures
BOSTON, Aug. 16, 2022 /CNW/ -- Starburst, the analytics anywhere company, today announced significant company and customer momentum as the industry's demand for faster analytics on decentralized data continues to heat up. Starburst marked the end of Q2 with 3x YoY annual recurring revenue (ARR) growth, 122% YoY customer growth, and 61% YoY employee growth.
On the heels of a $250M Series D funding round led by Alkeon Capital, Starburst ramped up operations by announcing David Freeman as the company's first-ever Chief Financial Officer. Freeman brings more than two decades of leadership experience in finance, strategy, and operations from companies like Intel, NetSuite, Nutanix, Palo Alto Networks, and ThoughtSpot. Starburst also hired Alison Huselid as the Senior Vice President of Product Management who brings a wealth of industry experience from organizations like Adobe, Atlassian, Cisco, and IBM. Most recently, she was the head of product at Atlassian where she was instrumental in their transition from self-managed to cloud-centric products.
Starburst's continued growth is a testament to the company's commitment to product innovation. Less than a year after its introduction, Starburst closed its first-ever seven-figure customer deal for Starburst Galaxy, the company's managed service, and expanded its global customer base, including Société Générale, VMware, and Würth Group. Following Starburst's acquisition of data lake analytics accelerator Varada in June, Starburst's 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're able to empower our customers to make better and faster decisions regardless of where their data lives," said Justin Borgman, CEO and Co-Founder of Starburst. "Our self-service Galaxy product is yet another growth lever for us, putting that same powerful processing engine in the hands of even more data professionals while removing their need to manage infrastructure."
"I'm really proud of generating an outcome for humanity that has changed the way we treat COVID-19 with Starburst," said Richard Jarvis, CTO of EMIS Group. "We have published groundbreaking research on the treatment of COVID-19 based on analytics done by Starburst on our data."
In 2022, Starburst also received various notable industry recognitions including being featured 825th on the Inc. 5000 list, being named the "Data Access Solution of the Year" in the 2022 Data Breakthrough Awards program, being included as a Representative Vendor in the 2022 Gartner® Market Guide for Analytics Query Accelerators, being awarded "Growth Gamechanger" for Cloud Marketplace innovation by Tackle.io, and being shortlisted in the Women in IT Awards.
Starburst's recent highlights and milestones include:
Customer and Partner Excellence
A first-of-its-kind technology partner showcase — Datanova: Taking Data Mesh from Theory to Practice — is being organized by Starburst on Sept. 29, 2022. Save your seat now.
Open Source Trino Community Growth
Starburst is the analytics engine for all your data. We provide the fastest, 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, no matter where it lives. Starburst queries data across any database, making it instantly actionable for data-driven organizations. With Starburst, teams can lower the total cost of their infrastructure and analytics investments, prevent vendor lock-in, and use the existing tools that work for their business. Trusted by companies like Apache Corporation, Comcast, Doordash, FINRA, Marks and Spencer, and VMware, Starburst helps companies make better decisions faster on all data.
SOURCE Starburst Data