Starburst acquires data lake analytics accelerator Varada to challenge Snowflake

Quick Summary

Starburst, the well-funded data warehouse analytics service and data query engine based on the open-source Trino project, today announced that it has acquired Varada, a Tel Aviv-based startup that focuses on data lake analytics.

Using Varada’s proprietary indexing technology, enterprises can easily operationalize their data lakes, a capability that neatly extends Starburst’s query engine.

We didn’t hear much from Varada since its last funding round, but this is definitely an example of the data analytics market starting to consolidate as the underlying technologies mature, usage patterns crystalize and a small number of companies start to emerge as early winners.

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Article Details

Author / Journalist: Frederic Lardinois

Category: Technology

Topics: Articles Business intelligence Enterprise Varada TC Data warehouse Databricks Data Computing MizMaa Ventures Tel Aviv Exit Presto Starburst Co-founder Startups Analytics

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:00:48

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 341 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5800

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