Enterprise Data and Analytics Firm Starburst Gets $42m

In the US, enterprise data and analytics firm Starburst has raised $42m in a Series B round of funding, to continue development of its service helping clients merge and connect their business data sources, BI and analytics tools.

Founded by the creators of open-source Presto, Starburst 'unlocks' the value of data by making it fast and easy to access and analyze anywhere, and get immediate answers to business questions. According to the firm, its technology is designed to help companies get more out of their existing data investments, while ensuring continuity of data access if they choose to upgrade infrastructure.

New funding has been led by Coatue, with participation from previous investor Index Ventures, and brings the total raised to date to $64m. Justin Borgman (pictured), CEO of Starburst, comments: 'In the data management world, technologies are often too expensive, lock in data, and don't deliver on the speed companies need to make better business decisions. We're at a moment in time where companies need to act quickly on data, while lowering technology costs wherever they can. As an open source analytics company, Starburst is well-positioned to help them do both'.

Web site: www.starburstdata.com .