Databricks

Databricks

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

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.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Databricks, Inc. funding round, November 2019
400,000,000
October 2019
5 Results
Results per page:
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People

Name
Role
LinkedIn

Ali Ghodsi

Co-Founder and CEO

Andy Konwinski,

Co-Founder and VP Product Management

Arsalan Tavakoli-Shiraji

Co-Founder and SVP of Field Engineering

Ion Stoica

Co-Founder and Executive Chairman

Matei Zaharia

Co-Founder and Chief Technologist

Patrick Wendell

Co-Founder and VP of Engineering

Reynold Xin

Co-Founder and Chief Architect

Further reading

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

Documentaries, videos and podcasts

Title
Date
Link

The Databricks Unified Data Analytics Platform

December 19, 2017

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Frederic Lardinois
November 12, 2020
TechCrunch
AI and data analytics company Databricks today announced the launch of SQL Analytics, a new service that makes it easier for data analysts to run their standard SQL queries directly on data lakes. And with that, enterprises can now easily connect their business intelligence tools like Tableau and Microsoft's Power BI to these data repositories [...]
Databricks
November 12, 2020
www.prnewswire.com:443
/PRNewswire/ -- Databricks, the data and AI company, today announced the launch of SQL Analytics, which for the first time enables data analysts to perform...
Frederic Lardinois
June 24, 2020
TechCrunch
Data and analytics service Databricks today announced that it has acquired Redash, a company that helps data scientists and analysts visualize their data and build dashboards around it. Redash's customers include the likes of Atlassian, Cloudflare, Mozilla and Soundcloud and the company offers both an open source self-hosted version of its tools, as well as [...]
Frederic Lardinois
October 16, 2019
TechCrunch
Databricks, the big data analytics service founded by the original developers of Apache Spark, today announced that it is bringing its Delta Lake open-source project for building data lakes to the Linux Foundation and under an open governance model. The company announced the launch of Delta Lake earlier this year and even though it's still [...]
September 5, 2019
The Economist
Two surprising leaders have emerged from the pack

References

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