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Venture Capital News: Databricks Scoops Up $140M

       
SAN FRANCISCO, CA, Databricks, a unifed analytics platform provider, has raised $140 million in Series D funding.
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Databricks, provider of the leading Unified Analytics Platform and founded by the team who created Apache Spark, today announced it has secured $140 million in a Series D funding round led by Andreessen Horowitz. New Enterprise Associates and Battery Ventures also participated.

The new funding brings Databricks' total capital raised to $247 million, and will accelerate the company's investment in making Artificial Intelligence (AI) achievable for enterprise organizations with its Unified Analytics Platform.

With the most recent market estimates predicting global AI revenue will reach $36.8 billion by 2025 1 , the opportunity for Databricks and its customers is undeniable. While almost every business is exploring how they can use artificial intelligence for competitive advantage, very few are able to do so effectively today.

Getting from big data to AI can be both complex and costly. With its Unified Analytics Platform, Databricks is successfully eliminating barriers to make data science and artificial intelligence approachable to a broader audience across both enterprise and midmarket organizations.

Building on the tremendous adoption of its Unified Analytics Platform, Databricks will use this funding to:

- Increase product investment in its Unified Analytics Platform, which accelerates innovation by unifying data science, data engineering and business;
- Accelerate its global growth strategy;
- Expand its markets through industry-specific solutions for a range of industries including Healthcare & Life Sciences, Financial Services, Government, and Media & Entertainment, and;
- Grow its engineering and customer success teams that deliver world-class Spark expertise and global support for Databricks' leading Spark-based cloud platform.

In addition to Battery Ventures, other new investors that participated in this funding round included Future Fund Investment Co., A.Capital Partners, Geodesic Capital and Green Bay Ventures.

Visit databricks.com for more information.

Contact Databricks to get started: http://go.databricks.com/contact-databricks.

About Databricks
Databricks' mission is to accelerate innovation for its customers by unifying Data Science, Engineering and Business. Founded by the team who created Apache Spark, Databricks provides a Unified Analytics Platform for data science teams to collaborate with data engineering and lines of business to build data products. Users achieve faster time-to- value with Databricks by creating analytic workflows that go from ETL and interactive exploration to production. The company also makes it easier for its users to focus on their data by providing a fully managed, scalable, and secure cloud infrastructure that reduces operational complexity and total cost of ownership. Databricks, venture-backed by Andreessen Horowitz and NEA, has a global customer base that includes Salesforce, Viacom, Shell and HP. For more information, visit www.databricks.com.
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