Salesforce com : Starburst Data Valuation Hits $1.2 Billion After $100 Million Funding Round

By Colin Kellaher

Enterprise-software startup Starburst Data Inc. on Wednesday said it raised $100 million in a Series C funding round at a valuation of $1.2 billion.

Venture-capital giant Andreessen Horowitz led the round, which brings Starburst's total financing to $164 million and makes the Boston company a unicorn, or a privately held startup valued at $1 billion or more.

Salesforce Ventures, the venture arm of business-software giant Salesforce.com Inc., also participated in the round, along with previous investors Coatue Management and Index Ventures.

Starburst, which is built around the open-source query engine Presto, counts Comcast, Conde Nast and the Financial Industry Regulatory Authority among its customers. The startup, founded in 2017, raised $42 million in a Series B round last June.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

01-06-21 1134ET