Databricks

Databricks is a company offering a data intelligence platform for integrating AI into business operations. This includes developing generative AI applications based on business data while maintaining data privacy and control. Databricks combines data warehouses and data lakes to offer an open and unified platform for data and AI. The company aims to help organizations discover insights from data using natural language while unifying their approach to data, AI, and governance.

The Databricks platform can be used for auto machine learning, cybersecurity analytics, deep learning, internet of things, general data protection regulation, genomics, 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.

Databricks has origins in academia and the open-source community. The company was founded in 2013 by the creators of Apache Spark, Delta Lake, and MLflow. Founders include Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker. Databricks is headquartered in San Francisco with offices in locations around the world. The company has hundreds of partners, including Microsoft, Amazon, Tableau, Informatica, Capgemini, and Booz Allen Hamilton. Databricks' data intelligence platform is used by more than 10,000 organizations, including Comcast, Condé Nast, Grammarly, and over 50% of the Fortune 500. Databricks states that more than 300 of its customers are currently generating revenue at a pace of $1 million or more per year for its software and services.

Since its founding, Databricks has raised almost $4 billion in funding. Its series I round was completed in September 2023 and boosted the company's value to $43 billion. Databricks has acquired a number of companies since 2020, including the generative AI platform MosaicML, completed in July 2023 for approximately $1.3 billion. In December 2021, the company launched Databricks Ventures, with its first strategic fund the Lakehouse Fund that invests in technology startups across data, analytics, and AI, powering the data lakehouse ecosystem.