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Databricks Adds $140 Million in Series D Funding to Accelerate Enterprise Analytics and AI


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Databricks, founded by the team that created Apache Spark, has secured $140 million in a Series D funding round led by Andreessen Horowitz. The new funding brings Databricks’ total capital raised to $247 million, and will accelerate the company’s investment in making artificial intelligence (AI) achievable for enterprise organizations with its Unified Analytics Platform.

New Enterprise Associates, Battery Ventures, Future Fund Investment Co., A.Capital Partners, Geodesic Capital, and Green Bay Ventures also participated in this funding round.

According to Databricks, while many businesses are exploring how they can use AI for competitive advantage, very few are able to do so effectively today, since utilizing AI can be both complex and costly. With its Unified Analytics Platform, Databricks says it is helping to eliminate barriers to make data science and AI approachable for a broader audience.

Databricks plans to use this funding to increase product investment in its Unified Analytics Platform, which combines data science, data engineering and business; accelerate its global growth strategy; expand its markets through industry-specific solutions for industries such as healthcare & life sciences, financial services, government, and media & entertainment; and grow its engineering and customer success teams.

Visit databricks.com for more information.

 


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Posted August 14, 2017

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