Based in San Francisco, California, Databricks is a data-and-AI company that interacts with corporate information stored in the public cloud. It has secured to receive a fundraise of US$ 1.6 billion in Series H funding round on August 31, 2021. Counterpoint Global led the financing bout with fresh investors Alta Park Capital, a suite of BNY Mellon funds, Discovery Capital, Dragoneer Investment Group, Flucas Ventures, Gaingels, Geodesic, Green Bay Ventures, The House Fund, Insight Partners, and New Enterprise Associates; existing backers, Andreessen Horowitz, Fidelity Management & Research, Franklin Templeton, and others.
This recent venture comes after the fundraise of US$ 1 billion in Feb 2021, led by the current investor Franklin Templeton Investments in Series G. Following which the company now stands at a total valuation of US$ 3.5 billion.
What the CEO has to say
Co-founder and CEO of Databricks, Ali Ghodsi, said in a press release statement announcing the transaction, “This new investment is a reflection of the rapid adoption and incredible customer demand we see for the Databricks Lakehouse Platform and underscores the industry and investor confidence in our vision – that lakehouse is the data architecture of the future. This marks a thrilling new chapter that will allow us to accelerate our pace of innovation and further invest in the success of data-driven organizations on their journey to the lakehouse.”
What the Investors have to say
Dennis Lynch, Head of Counterpoint Global, said in the transcription, “We’re incredibly excited to partner with the world-class team at Databricks whose lakehouse platform is reinventing analytics with the speed and scale customers require today. We believe the company is well-positioned to become a platform of choice among forward-thinking enterprises that want to transform valuable data into strategic business insights.”
About Databricks
Founded in 2013 by Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin and Scott Shenker, Databricks is a software platform that helps customers unify their analytics across the business, data science, and data engineering. Databricks provides a Unified Analytics Platform for data science teams to collaborate with data engineering and lines of business to build data products. Today, more than five thousand organizations worldwide —including Shell, Comcast, CVS Health, HSBC, T-Mobile and Regeneron — rely on Databricks to enable massive-scale data engineering, collaborative data science, full-lifecycle machine learning and business analytics. For more information, visit https://databricks.com/.
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