Varada, an Israeli startup and data lake analytics accelerator, has been acquired by American firm Starburst, the analytics anywhere company. The purchase price was not disclosed, but Calcalist cited sources as saying that it is for about $60 million.
In addition to its technology, Varada engineering and product leadership will be joining the Starburst team. The integration of the technology is expected to roll out to select customers in the next 30 days, with general availability by fall 2022.
Amazon explains that a data lake is a centralized repository that allows you to store all your structured and unstructured data at any scale. You can store your data as-is, without having to first structure the data, and run different types of analytics—from dashboards and visualizations to big data processing, real-time analytics, and machine learning to guide better decisions.
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Just 5 years old, the Boston based Starburst calls itself the analytics engine for all of a person or organization’s data. “We provide the fastest, most efficient analytics engine for your data warehouse, data lake, or data mesh,” boasts the company. Starburst queries data across any database, making it instantly actionable for data-driven organizations.
Also founded in 2017, Varada says that it enables data teams to “seamlessly accelerate analytics” directly on their cloud data lake. Varada was founded by veterans of the Dell EMC XtremIO core team and has been recognized in the Cool Vendors in Data Management report by Gartner, Inc.
“No need to move data or model it to get those blazing fast queries users demand.”
“We are pleased to join Starburst and bring our innovative technology to a global audience,” said Roman Vainbrand, Varada Co-Founder & VP R&D. “We believe the combined Starburst & Varada solution will deliver the best performance and cost benefits in the analytics query market, enabling organizations to accelerate the time-to-insight, while optimizing infrastructure operations and investments.”
“At Varada, we had to place a bet on which data lake query engine would win the data lake analytics race,” Said Eran Vanounou, Varada CEO. “Trino stood out immediately for its flexibility, vibrant community, and success as the query engine of choice for the largest internet-based businesses like Netflix, Lyft, and LinkedIn. Not only was it the perfect fit for Varada’s smart indexing technology, but now Starburst and Varada can join forces and deliver a new standard for speed and cost savings for data lake analytics.”