Starburst raises $100 million to take on data lake rivals

Starburst Knowledge has raised $100 million as the knowledge analytics corporate continues to trip the surge in knowledge lakes. Andreessen Horowitz led the spherical of investment, which additionally incorporated Index Companions, Coatue, and Salesforce.com’s mission capital arm.

The investment comes simply six months after Starburst raised $42 million, bringing its general to $164 million for a valuation of $1.2 billion. And the newest announcement got here at the similar day that some other knowledge lakes corporate, Dremio, introduced it had raised $100 million.

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

“We consider we’re fixing the largest downside that the massive knowledge technology couldn’t: Providing rapid get right of entry to to knowledge, without reference to the place it lives,” wrote Starburst CEO Justin Borgman in a weblog put up.

On the subject of Starburst, it’s constructed on Presto, an open-source challenge advanced at Fb. Certainly, three of Starbursts’ co-founders are from Fb the place they labored at the challenge.

Starburst started lifestyles as Hadapt, a startup based by means of Borgman. Teradata bought Hadapt in 2014 however later spun off Starburst in 2017. Alongside the best way, Hadapt-Starburst shifted its focal point from Hadoop to Presto.

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