Databricks Receives $60 Million in Funding to Strengthen Commitment to Spark

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Databricks is receiving $60 million in a Series C funding round led by New Enterprise Associates (NEA), boosting its commitment to Apache Spark and the Databricks data platform.

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.

The company will continue to expand its data platform to make data science and engineering at scale with Spark even better and to integrate with other cloud providers to provide more flexibility for its fast-growing global customer base.

Contributions from Databricks helped to propel the Spark engine to set world records this year, including the CloudSort benchmark, while Spark meetup members worldwide more than quadrupled in size from 66,000 in 2015 to more than 288,000 in 2016, according to Databricks.

Databricks delivers a data platform in the cloud powered by Apache Spark to simplify data integration, real-time exploration, and robust deployment of production applications.

"Apache Spark has enabled countless enterprises and cutting-edge early adopters to create business value through advanced analytics solutions," said Ali Ghodsi, 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."

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