Databricks

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. AIts series I round was completed in September 2023, and valuedboosted the company's atvalue 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.

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.

Since its founding, Databricks has raised almost $4 billion in funding. A series I round in September 2023, valued the company at $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 will investinvests in technology startups across data, analytics, and AI powering the data lakehouse ecosystem.

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.

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.

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.

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.

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.

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.

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.

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.

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. A series I round in September 2023, valued the company at $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 will invest in technology startups across data, analytics, and AI powering the data lakehouse ecosystem.