-53%

est. 2Y upside i

DevOps & InfraSeries D+

Analytics engine built on Trino for querying data across distributed sources

Rank

#4134

Sector

Data & Analytics Infrastructure

Est. Liquidity

~4Y

Data Quality

Data: Medium

Starburst has a high-risk equity profile: $1B secondary vs $3.35B primary is a flashing signal.

Last updated: March 20, 2026

Bull (20%)+100%

$250M+ ARR by 2027, exits at 10-12x. Modest return above $1B secondary.

Base (45%)-20%

Growth decelerates, $180-200M ARR, flat round at $1-1.5B, Series D investors underwater.

Bear (35%)-75%

Trino commoditized, hyperscalers bundle federation, distressed sale at $300-500M.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: -37% (raw: -53%, adjustment: -22%)

Preference Stack Risk

high

Funding Intensity

12%

$414M raised; exits below $1.5-2B = nothing for common.

Dilution Risk

high

Series D extension added dilution; more rounds likely.

Secondary Liquidity

limited

$1B implied; 70% discount to primary.

Questions to Ask at the Interview

Strategic questions based on Starburst's data — designed to show you've done your homework.

  • 1

    Current ARR and NRR?

  • 2

    Preference stack structure?

  • 3

    409A vs primary round price?

Cluster Peers

Expected Upside

Community

Valuation Sentiment

Our model estimates -53% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.