Starburst reports record revenues with AI-driven growth

Starburst announced its financial results for FY25, reporting a record-breaking year, largely attributed to the increasing demand for artificial intelligence (AI) and stronger relationships with enterprise customers.

In the past year, Starburst has managed to increase its net new customers by 20%, with a remarkable 76% year-over-year growth for its Starburst Galaxy customer base. Global sales hit record highs, driven by growth in North America and EMEA regions.

Adoption of Starburst Galaxy, the company's flagship cloud product, surged by 94% year-over-year. The company secured its largest-ever contract with a global financial institution. This multi-year deal is worth an eight-figure sum annually.

Starburst has also seen its average annual recurring revenue (ARR) per customer rise to over USD $325,000. The company counts 10 of the top 15 global banks among its clients.

Starburst was selected by Dell Technologies to provide the analytics query engine for Dell's Data Lakehouse, forming part of Dell's AI Factory GTM strategy.

"Enterprises and governments worldwide have embraced our open, hybrid data lakehouse as a key enabler for their AI initiatives," said Justin Borgman, Co-Founder and CEO of Starburst. "There is no AI without data. Starburst empowers organizations to secure, govern and provide compliant data access by the LLMs for RAG or agentic workflows – whether on-premises or in the cloud – unlocking AI-ready application development and deployment at scale."

HSBC, one of the world's largest banking institutions, has been recognised for its innovative use of data and AI in Hong Kong. The bank has leveraged Starburst's advanced data virtualisation technology to develop a virtual data lake, which is regarded as a key initiative in its AI strategy.

Vectra AI, a specialist in threat detection and response, uses Starburst's platform to access logs and monitor network traffic, facilitating AI models that enhance threat detection, allowing faster resolution of security issues.

An American multinational investment bank has utilised Starburst to create a near real-time anti-money laundering data fabric. This technology supports quicker fraud detection through AI-driven models while allowing compliance with strict regulatory requirements.

"Starburst's AI strategy reflects our deep partnership with customers," stated Steven Chung, President of Starburst. "These enterprises are aggressively driving AI adoption, and we're excited to join them on this journey."