In US, Databricks Raises $60 Million in Series C Funding to Advance Data Science and Engineering at Scale

Ali Ghodsi

Ali Ghodsi

SAN FRANCISCO, CA--(Marketwired - Dec 15, 2016) - Databricks, the company founded by the creators of the popular Apache Spark project, today announced it has closed $60 million in a Series C funding round led by New Enterprise Associates (NEA). Also participating in this round is existing Databricks investor, Andreessen Horowitz. The new funding round brings Databricks' total funding to date to $107.5 million.

Databricks delivers a just-in-time data platform in the cloud powered by Apache Spark to simplify data integration, real-time exploration, and robust deployment of production applications. The current round of financing validates Databricks' leadership as the first and only fully managed Spark platform in the cloud that instantly delivers a rich suite of reliability, usability, security, and compliance functionalities for data science, engineering, and IT teams. The company will continue to expand its data platform to make data science and engineering at scale with Spark even easier and faster, and to integrate with other cloud providers to provide more flexibility for its fast-growing global customer base.

"Apache Spark has enabled countless enterprises and cutting-edge early adopters to create business value through advanced analytics solutions," said Ali Ghodsi [pictured], CEO and Co-Founder at Databricks. "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." More...