Varada

Autonomous Data Indexing Technology

Business Software
Acquired (Inactive) by Starburst on Jun 2022 - closed due to acquisition

Company Overview

Snapshot

Founded in February 2017 by Roman Vainbrand, Tal Ben-Moshe, and David Krakov, Varada operated with 11–50 employees. The company raised $22 million across 3 funding rounds from 5 investors. Varada was acquired by Starburst in June 2022.

Business overview

Varada developed autonomous data indexing technology designed to help data practitioners overcome the limitations of traditional data infrastructure. Its core technology leveraged machine learning to dynamically accelerate queries, creating optimal indexes directly from data lakes across various columns. The company's adaptive indexing supported different data types, structures, and distributions, including text-optimized search and index capabilities based on Apache Lucene, as well as bitmap, dictionary, and tree indexes. Varada served the business software sector, focusing on enterprise solutions for big data analytics and data management.

Strategic signal

Varada's acquisition by Starburst in June 2022 signaled a strategic consolidation within the data analytics and lakehouse market. This move indicates a growing trend towards integrating advanced data indexing capabilities into broader data platforms, aiming to enhance performance and efficiency for data consumers directly on data lakes. For investors, this highlights the value placed on specialized data acceleration technologies and their potential to be integrated into larger enterprise data ecosystems.

Company Intelligence Q&A

What was a significant recent development for Varada?
Varada was acquired by Starburst in June 2022, leading to its inactive status.
When did Varada last raise a funding round?
In September 2020, Varada raised an A Round from investors including MizMaa Ventures.
What recognition did Varada receive in 2020?
Varada was named a 'Cool Vendor in Data Management' by Gartner in October 2020.
What new feature did Varada introduce in 2021?
In May 2021, Varada introduced a new feature designed to eliminate complexity and cost challenges in text analytics by delivering text-optimized performance directly on the data lake for SQL data consumers.
When was Varada founded and by whom?
Varada was founded in February 2017 by Roman Vainbrand, Tal Ben-Moshe, and David Krakov.

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