StarTree, Inc. announced it is receiving $47 million in a Series B funding round, accelerating product development, expanding sales and marketing, and continuing to drive fast adoption of its real-time analytics platform.
The funding round was led by Series A investor GGV Capital, with additional investment from new investor Sapphire Ventures and existing investors Bain Capital Ventures and CRV. StarTree has raised a total of $75 million to date.
StarTree plans to use the new funding to significantly increase its staff by the end of 2023 and expand overseas by breaking ground on a new location in India.
StarTree was founded by the original creators of Apache Pinot, the real-time distributed OLAP data store proven at scale by LinkedIn, Cisco, DoorDash, Etsy, Hyundai, Razorpay, 7-Eleven, Target, Uber, Walmart, Microsoft, and many other data-driven leaders.
StarTree has experienced unprecedented momentum since launching in spring 2021, fueled by growing demand for real-time analytics to power both enterprise and user-facing analytics applications.
“We’re frankly amazed and humbled by how the community has embraced Apache Pinot and StarTree,” said Kishore Gopalakrishna, co-founder and CEO of StarTree. “Such explosive growth within a short time period proves the need for the delivery of real-time analytics with low latency at scale. With the new technology and services we’re building on top of Apache Pinot, we’re opening the door for any company to extract intelligence that enables their customers, partners and employees to take action based on the freshest data and insights.”
StarTree previously raised $24 million in Series A funding in May 2021 and $4 million in seed funding in November 2019. StarTree’s early investors include technology and business leaders from Confluent, DataStax, DoorDash, GitHub, LinkedIn and Redis Labs.
For more information about this news, visit www.startree.ai.