Starburst, the data platform
for apps and AI, announced a record FY25 close, driven by strong demand from
enterprise customers:
- Grew net new customers by 20% and Starburst Galaxy
customer growth by 76% year-over-year
- Achieved record global sales, including significant
growth in North America and EMEA
- Increased adoption of Starburst Galaxy, its flagship
cloud product, by 94% year-over-year
- Signed the largest deal in the company's history -
a multi-year, eight-figure contract per year, with a global financial
institution
- Increased ARR per customer to over $325,000
- Customers include 10 of the top 15 global banks
- Selected by Dell Technologies to be the analytics query
engine powering the Dell Data Lakehouse, the data platform for Dell's AI
Factory GTM
"Enterprises
and governments worldwide have embraced our open, hybrid data lakehouse as a
key enabler for their AI initiatives," said Justin Borgman, Co-Founder and CEO
of Starburst. "There is no AI without data. Starburst empowers organizations to
secure, govern and provide compliant data access by the LLMs for RAG or agentic
workflows - whether on-premises or in the cloud -
unlocking AI-ready application development and deployment at scale."
Customers
around the world are partnering with Starburst to accelerate their AI journey.
- An American multinational
investment bank and financial services company serving millions of customers in
over 100 countries, leveraged Starburst to build a near real-time anti-money
laundering data fabric. This solution enables faster fraud detection with
AI-driven models. Starburst's federated query access allows investigators to
analyze global transaction data instantly and without data movement, ensuring
compliance with strict banking regulations.
- HSBC, one of the world's largest banks, "has been recognised for its groundbreaking use of data and AI
in leading the industry trend in Hong Kong...A key initiative that contributed to HSBC's success is the
development of a virtual data lake utilising advanced data virtualisation
technology powered by Starburst."
- Vectra AI, a leader in threat detection and response
across more than 120 countries, serves thousands of customers. Their platform
uses AI to detect threats rapidly across public cloud, identity, SaaS
applications, and data centers. Starburst's data platform provides access to
log data, accelerating queries, and network traffic monitoring, which power AI
models that deliver high-fidelity threat signals, enabling security teams to
respond to threats sooner and to stop attacks faster.
"Starburst's
AI strategy reflects our deep partnership with customers," said Steven Chung,
President of Starburst. "These enterprises are aggressively driving AI
adoption, and we're excited to join them on this journey."