Data analytics firm Starburst raised $250 mn led by VC firm Alkeon Capital

Data analytics firm Starburst has raised $250 million in a Series D funding round led by venture capital firm Alkeon Capital, Reuters reported.
Dollar spending on technologyOther investors in the round included Andreessen Horowitz and Coatue Management. Altimeter Capital, B Capital Group, Index Ventures and Salesforce Ventures have also participated in the new funding round.

Starburst aims to use the fresh funds to ramp up hiring, tap into new international markets and invest in the development of products.

“We’re currently active in Europe and North America (Canada and U.S.) but we’re looking to expand into Asia-Pacific this year,” Starburst co-founder and Chief Executive Officer Justin Borgman said.

Boston, Massachusetts-based Starburst provides data-driven insights to improve performance, lower data storage costs and detect fraud. It counts freelancing platform Upwork, apparel retailer Marks & Spencer, and media giant Conde Nast among its customers.

Starburst last year raised $100 million in a series C funding round led by Silicon Valley-based Andreessen Horowitz.

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