Andreessen Horowitz co-founder and general partner Ben Horowitz Photograph by Kevin Moloney/Fortune Brainstorm Tech

Databricks, the San Francisco based company behind the open source Apache Spark big data analytics platform, has raised $250 million Series E funding led by existing investor Andreessen Horowitz (also known as a16z), with participation from NEA, Microsoft and Coatue Management. This round values the company at $2.75 billion, up from a previous $940 million, according to Pitchbook.

The company has now raised just short of $500 million in total according to Crunchbase data, marking it as one of the highest funded startups in the enterprise software space, among others like Snowflake, Rubrik, Japan’s Preffered Networks, Sprinklr, Zeta Interactive, Automattic, Medallia, SMS Assist and China’s Dt Dream.

Andreessen Horowitz co-founder and general partner Marc Lowell Andreessen Photograph by Kevin Maloney/Fortune Brainstorm Tech

Databricks was set up by the team behind the Spark research project at UC Berkeley which later became Apache Spark, a very active open source project in the big data ecosystem. The company gets revenue from a a cloud platform built around Apache Spark that’s utilized by data science and engineering teams to build data products.

Its customers include Hewlett-Packard, Shell, Viacom, Riot Games, Zalando, Overstock.com, Autotrader, NBC, Cisco, Samsung, Dollar Shave Club, ShopRunner, Chegg, GoPro, Duo Security, Kik, Traveloka, Roivant Sciences, Upwork and Jam City.

Founded in 2013 by a team of seven, according to Crunchbase data, The company is led by computer scientist and UC Berkeley adjunct professor Ali Ghodsi who serves as its CEO. Ghodsi joined UC Berkeley in 2009 as a visiting scholar and worked with several other persons on research projects in database systems, distributed systems, and networking. From their work, The Apache Mesos and Apache Spark projects were born, and now make up the foundation of Databricks solutions today.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print