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Starburst Reports $100M ARR, Strong Financial Sector Demand for Enterprise AI

Starburst logo. Starburst reported over $100M in annual recurring revenue.
Starburst

Starburst has reported more than $100 million in annual recurring revenue — nearly 40 percent in year-over-year growth — and a $20 million artificial intelligence annual run rate.

The company said it has also signed multiple eight-figure enterprise deals, grown its financial services business by 85 percent year over year and expanded its presence internationally, including in Europe, the Middle East and Africa.

Starburst has now established relationships with four of the top five banks in the Americas and seven of the top 10 banks in EMEA.

“Much of our growth this year has been fueled by large, complex financial institutions racing towards AI for fraud detection, customer service and risk management,” Steven Chung, president of Starburst, shared.

Starburst Reports $100M ARR, Strong Financial Sector Demand for Enterprise AI - top government contractors - best government contracting event

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What AI Capabilities Does Starburst Offer?

Starburst provides a data platform that enables enterprises to deploy AI across distributed data environments. Built with Trino and Apache Iceberg, the platform enables enterprises to unify data while supporting analytics and AI workloads.

The company recently introduced a new lakehouse platform designed to support an “agentic workforce,” where humans and AI agents collaborate across enterprise workflows to analyze data and make decisions. The offering supports model-to-data architectures, multi-agent interoperability and open vector access to help organizations deploy AI while maintaining control.

Starburst’s AI capabilities also include the Starburst Agent, which allows AI systems to securely access enterprise data without requiring organizations to move data across platforms. The technology can operate in highly regulated or air-gapped environments, enabling secure AI deployment while preserving data sovereignty.

“Companies can’t unlock AI productivity gains with a data strategy designed for dashboards,” Justin Borgman, CEO of Starburst, stated. “They need a federated context layer that connects distributed data, governance and business meaning into a single AI-ready foundation. That’s what Starburst delivers.”

What Is Starburst?

Headquartered in Boston, Massachusetts, Starburst is a data platform provider focused on enabling organizations to access and analyze distributed data for analytics and AI. Its technology allows enterprises to query data across on-premises systems, cloud platforms and hybrid architectures without requiring large-scale data migration.

Starburst said organizations use its data platform in more than 60 countries, including Comcast and Citigroup, and integrates with major technology providers such as Amazon Web Services, Dell Technologies and NetApp.

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Written by Elodie Collins

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