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Home > Cloud Computing > Starburst Data raises $42 million in series B round

Starburst Data raises $42 million in series B round

Starburst Data, the Presto company, announced that the company raised $42 million in Series B financing round.

Erdem Yasar by Erdem Yasar
June 19, 2020
in Cloud Computing
1 min read
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Starburst Data raises $42 million in series B round
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Starburst Data‘s $42 million series B funding round brings the company total funding $64 million in six months. The round was led by Coatue and previous investor Index Ventures also participated. As a result of the agreement, Coatue General PArtner Caryn Marooney joins the board. According to the company’s announcement, Starburst is built for enterprises that want fast and affordable access to their data anywhere.

Access data anywhere

Justin Borgman, CEO of Starburst
Justin Borgman, CEO of Starburst

Starburst ensures continuity of data access if organizations choose to upgrade their infrastructure. Analyzing data across multiple sources involved moving data into a single source of truth and it is costly and difficult to maintain. Starburst bucks this trend by providing a single point of access, letting enterprises access and analyze data anywhere. Justin Borgman, CEO of Starburst said,

“Companies are tired of technology investments that don’t deliver. 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.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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