Venture Capital
Data analytics firm Starburst said on Wednesday it had more than doubled its valuation to $3.35 billion after a funding round led by venture capital firm Alkeon Capital. Other investors in the $250 million Series D round included Andreessen Horowitz and Coatue Management. Starburst intends to use the fresh funds to ramp up hiring, tap into new international markets and invest in the development of products, co-founder and Chief Executive Officer Justin Borgman told Reuters.