# Varada

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/varada

- Industry: Software
- Headquarters: Ramat Gan, Israel
- Website: www.varada.io
- Total disclosed funding: $22M
- Latest round: Series A (Sep 15, 2020)
- Investors on record: 5

## About

Varada Ltd. is a data solutions company that specializes in optimizing analytical workloads for organizations managing extensive data volumes. It offers advanced technologies that enhance query performance and reduce operational costs for its clients.Founded in 2017, Varada Ltd. operates from Ramat Gan, Israel, and provides innovative data virtualization and optimization technologies. The firm has undergone significant growth and development, focusing on enhancing real-time analytics capabilities. CEO Yvan Duban leads the firm, which has raised a total of USD 12.00 mn through its latest funding round, a Series A led by MizMaa Ventures, with participation from other notable investors. Varada has executed four deals, with the most recent one occurring on June 23, 2022.Varada specializes in advanced data solutions designed to optimize analytical workloads for organizations dealing with large volumes of data. Their primary product offerings focus on data virtualization and optimization technologies that enhance query performance and reduce operational costs. By providing tools that facilitate instant access to data without the need for cumbersome data movement, Varada caters to enterprises in sectors such as finance, healthcare, and retail. The technology addresses critical use cases, such as enabling real-time analytics and improving data accessibility for decision-making processes. Varada’s customer base includes a diverse range of businesses operating primarily in North America and Europe, where the demand for efficient data management solutions continues to grow.Varada generates revenue through a subscription-based model, allowing clients to access their suite of data management and optimization tools. Clients typically enter into agreements that provide varying levels of service based on their specific analytical needs and data volume requirements. The pricing structure may include options for tiered subscriptions, where organizations can choose plans that accommodate their operational scales. Flagship products serve as the cornerstone of their offerings, ensuring clients achieve optimal performance and ROI from their data initiatives. Revenue streams are thus directly tied to the long-term partnerships formed with businesses looking to leverage data for strategic advantage, leading to sustained engagement and value creation.In June 2022, Varada was acquired by Starburst Data, Inc., which aims to accelerate its leadership position in data lake analytics. The acquisition supports plans to enhance product offerings and expand into new geographic markets. The integration into Starburst’s operations will facilitate the development of new technologies designed to optimize data analytics efficiency. The strategic alignment is projected to boost Varada’s capabilities significantly, aligning with the growing global demand for advanced data solutions.

## Funding rounds

- Series A, Sep 15, 2020, $12M — Lightspeed Venture Partners, StageOne Ventures, F2 Venture Capital, Gefen Capital, MizMaa Ventures
- Seed, Jan 23, 2019, $7.5M — Lightspeed Venture Partners, StageOne Ventures, F2 Venture Capital
- Seed, Mar 1, 2017, $2.5M — StageOne Ventures, F2 Venture Capital

## Investors

- StageOne Ventures (https://capitalatlas.ai/funds/stageone-ventures) — Seed, Series A
- F2 Venture Capital (https://capitalatlas.ai/funds/f2-venture-capital) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Gefen Capital (https://capitalatlas.ai/funds/gefen-capital) — Series A
- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Series A