After upgrading my iMac to Big Sur,downloaded and installed Android Studio 4.1.1, built on Nov 4. After installation, started Android Studio. It is stuck on Splashscreen progress bar at the bottom showing around 80%. Has anyone seen this? Any pointers how to fix this?

The log shows some issue with FUCounterUsageLogger:

2020-11-15 07:51:21,517 [ 98434] ERROR - llij.ide.plugins.PluginManager - Android Studio 4.1.1 Build #AI-201.8743.12.41.6953283 2020-11-15 07:51:21,517 [ 98434] ERROR - llij.ide.plugins.PluginManager - JDK: 1.8.0_242-release; VM: OpenJDK 64-Bit Server VM; Vendor: JetBrains s.r.o 2020-11-15 07:51:21,517 [ 98434] ERROR - llij.ide.plugins.PluginManager - OS: Mac OS X 2020-11-15 07:51:21,517 [ 98434] ERROR - llij.ide.plugins.PluginManager - Last Action:
2020-11-15 07:51:21,517 [ 98434] ERROR - llij.ide.plugins.PluginManager - Could not initialize class com.intellij.internal.statistic.service.fus.collectors.FUCounterUsageLogger java.lang.NoClassDefFoundError: Could not initialize class com.intellij.internal.statistic.service.fus.collectors.FUCounterUsageLogger at com.intellij.featureStatistics.fusCollectors.LifecycleUsageTriggerCollector.onError(LifecycleUsageTriggerCollector.java:123) at com.intellij.diagnostic.DefaultIdeaErrorLogger.canHandle(DefaultIdeaErrorLogger.java:62) at com.intellij.diagnostic.DialogAppender.appendToLoggers(DialogAppender.java:85)