StarTree, Inc., a Mountain View, CA-based has announced that it has raised $47 million in Series B funding to accelerate product development, expand sales and marketing, and continue 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.
Company: StarTree Inc.
Raised: $47.0M
Round: Series B
Funding Month: Aug 2022
Lead Investors: GGV Capital
Additional Investors: Sapphire Ventures and existing investors Bain Capital Ventures and CRV.
Company Website: https://www.startree.ai/
Software Category: Real-time analytics platform
About the Company: Founded by the creators of Apache Pinot™, StarTree is a startup building a platform-as-service version of the Apache Pinot analytics platform. StarTree’s technology has been proven at scale at leading companies such as LinkedIn, Uber, Stripe, and Walmart. StarTree believes that all decision-makers—from the C-suite to end users—deserve the benefit of timely, data-driven insights. StarTree Cloud is the real-time analytics platform that combines the scale, freshness, speed, and ease of use necessary for any company to make that vision a reality. The company is backed by Bain Capital Ventures, GGV Capital, Sapphire Ventures, and CRV.
Source: https://www.globenewswire.com/news-release/2022/08/29/2505968/0/en/StarTree-Lands-47-Million-in-Series-B-Funding-to-Accelerate-Adoption-of-Real-Time-User-Facing-Analytics.html