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Databricks Continues To Grow Big Data Platform For Enterprise Apps

Feb 08, 2019, 23:00 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

At the core of many modern enterprise apps and services is a fundamental need for data analytics. It's a need that Databricks and the open source Apache Spark project that it leads, helps to fill.

It's also a need that a lot of organizations are willing to pay for. On Feb. 5, Databricks announced that it now generates over $100 million in annual revenue. Databricks still wants to grow more and to that end the company raised a $250 million Series E funding round led by Andreessen Horowitz. Coatue Management, Microsoft, and New Enterprise Associates (NEA). Total funding to date for Databricks now stands at $498.5 million and the company has a publicly stated valuation of $2.75 billion.

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