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Databricks

Databricks

Databricks is a company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.

Databricks is a company offering an analytics platform for business, data science, and data engineering that is headquartered in San Francisco, California and was founded by Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker.

The Databricks platform can be used for auto machine learning, cybersecurity analytics, deep learning, internet of things, general data protection regulation, genomics, and machine learning, and graph processing. Industries making use of Databricks include advertising and marketing, energy and utilities, enterprise technology and software, federal government, financial services, gaming, healthcare, life sciences, media & entertainment, retail, and consumer packaged goods.

Funding
Series A

On September 25, 2013 Databricks announced that it had raised $14 million in series A funding round from Andreessen Horowitz. After their series A funding round, Databricks also announced the general partner of Andreessen Horowitz, Ben Horowitz, will become a board member of Databricks.

Series B

On June 30, 2014 Databricks announced that it has received $33 million in funding from New Enterprise Associates (lead investor), Data Collective DCVC, and Andreessen Horowitz. At the time of announcing their series B round, the company also announced the launch of their first cloud product called the Databricks Cloud. It consists of the Databricks Platform, Spark, and the Databricks workspace.

Series C

On December 15, 2016 Databricks announced raising $60 million in series C funding from New Enterprise Associates (lead investor), SineWave Ventures, and Andreessen Horowitz. The CEO and co-founder of Databricks, Ali Ghodsi, made the following statement regarding the company's series C funding:

Apache Spark has enabled countless enterprises and cutting-edge early adopters to create business value through advanced analytics solutions. As Spark’s adoption and the demand for our managed Spark platform continues to rise, this funding will advance our engineering and go-to-market strategies to address all of our customer’s pain points as we continue to grow the Spark community.
Series D

On August 22, 2019 Databricks announced raising $140 million in series D funding from Andreessen Horowitz (lead investor), New Enterprise Associates, Green Bay Ventures, Geodesic Capital, and Battery Ventures. The company has the stated intention on using their series D funding to accelerate its growth, develop its product, and grow its engineering and customer success teams.

Series E

On February 5, 2019 Databricks announced raising $250 million in series E funding from Andreessen Horowitz (lead investor), Microsoft, Green Bay Ventures, Geodesic Capital, Founders Future, Coatue Management, and Battery Ventures. The company's post-money evaluation is $2.75 billion. The co-founder of Green Bay Ventures, Anthony Schiller, made the following statement regarding his firms participation in Databrick's series E round:

What Ali and the Databricks team have built is truly phenomenal. Their success is a testament to product innovation at the highest level. Databricks is without question best-in-class and their impact on the industry proves it. We were thrilled to participate in this round.
Series F

On October 22, 2019 Databricks announced raising $400 million in series F funding from Andreessen Horowitz (lead investor), T. Rowe Price, New Enterprise Associates, Microsoft, Green Bay Ventures, Geodesic Capital, Dragoneer Investment Group, Coatue Management, and BlackRock. At the time of raising their series F funding the company had an evaluation of $6.2 billion. The firm has stated that it plans on using their series F funding to expand their customer adoption and perform research and development.

Timeline

August 31, 2021
Databricks raises $1,600,000,000 in Series H funding round, led by Counterpoint Global with participation from Baillie Gifford, ClearBridge Investments and UC Investments, Andreessen Horowitz, BlackRock, Canada Pension Plan Investment Board, Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, T. Rowe Price Associates, Inc., Tiger Global Management Whale Rock Capital Management, Alta Park Capital, Discovery Capital, Dragoneer Investment Group, Flucas Ventures, Gaingels, Geodesic, Green Bay Ventures, the House Fund, Insight Partners, and New Enterprise Associates.
August 31, 2021
Databricks raises a $1,600,000,000 series H round from Alta Park Capital, Andreessen Horowitz, Baillie Gifford, Canada Pension Plan Investment Board, ClearBridge Investments, Coatue Management, Counterpoint Global, Discovery Capital, Dragoneer Investment Group, Fidelity Management and Research Company, Flucas Ventures, Franklin Templeton Investments, Gaingels, Geodesic Capital, Green Bay Ventures, Greenoaks Capital, Insight Partners, New Enterprise Associates, Octahedron Capital and The House Fund.
May 26, 2021
Databricks launches its fifth open source project, a new tool called Delta Sharing designed to be a vendor neutral way to share data with any cloud infrastructure or SaaS product, so long as you have the appropriate connector.
February 17, 2021
Databricks and Google Cloud announce a new partnership that will bring to Databricks customers a deep integration with Google's BigQuery platform and Google Kubernetes Engine.
February 2021
Databricks raises a $1,000,000,044 series G round from Franklin Templeton Investments.
November 12, 2020
Databricks launches SQL Analytics to enable cloud data warehousing on data lakes.
June 24, 2020
Databricks announces that it has acquired Redash.
October 2019
Databricks raises a $400,000,000 series F round from Andreessen Horowitz, BlackRock, Coatue Management, Dragoneer Investment Group, Geodesic Capital, Green Bay Ventures, Microsoft, New Enterprise Associates, T. Rowe Price, The a16z Cultural Leadership Fund and Tiger Global Management.
February 2019
Databricks raises a $250,000,000 series E round from Andreessen Horowitz, Coatue Management, Microsoft, New Enterprise Associates and Vyne Dental.
August 11, 2017
Databricks was founded by Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin and Scott Shenker.

Funding Rounds

Acquisitions

Patents

Further Resources

Title
Author
Link
Type
Date

Databricks makes bringing data into its 'lakehouse' easier

Frederic Lardinois

Web

February 24, 2020

Databricks makes Hadoop and Apache Spark easy to use

Dan Kusnetzky

Web

July 1, 2014

Databricks raises $250M at a $2.75B valuation for its analytics platform

Frederic Lardinois

Web

February 5, 2019

The Databricks Unified Data Analytics Platform

December 19, 2017

News

Title
Author
Date
Publisher
Description
Stephen Pritchard
October 7, 2021
ComputerWeekly.com
Has the traditional data warehouse finally reached the end of its life? If so, what will follow it? Will it be a hybrid? We find out
Brian McKenna
September 9, 2021
ComputerWeekly.com
Ali Ghodsi, CEO of Databricks, reflects on the business culture of Silicon Valley, his Iranian-Swedish background, and where big data analytics is going during these early days of machine learning
FinSMEs
August 31, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Alex Wilhelm
August 31, 2021
TechCrunch
The company views its market as a new technology category. Databricks calls the technology a data "lakehouse," a mashup of data lake and data warehouse.
Ron Miller
August 18, 2021
TechCrunch
Databricks, the open-source data lake and data management powerhouse has been on quite a financial run lately. Today Bloomberg reported the company could be raising a new round worth at least $1.5 billion at an otherworldly $38 billion valuation. That price tag is up $10 billion from its last fundraise in February when it snagged [...]
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References

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