Databricks has announced a $1 billion investment. The Series G funding, led by new investor Franklin Templeton, puts Databricks at a $28 billion post-money valuation. Franklin Templeton is joined by other new investors, including Canada Pension Plan Investment Board, Fidelity Management & Research LLC, and Whale Rock, along with new strategic investors Amazon Web Services (AWS), CapitalG and Salesforce Ventures. Existing investors participating in the round include Microsoft, Andreessen Horowitz, Alkeon Capital Management, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, Inc. and Tiger Global Management.
Founded by the original creators of Apache Spark, Delta Lake, and MLflow, Databricks supports all a company's data, analytics, and AI on one unified platform.
Databricks says that more than 5,000 of organizations worldwide—including Comcast, Condé Nast, Nationwide, H&M, and over 40% of the Fortune 500—rely on its unified data platform for data engineering, machine learning and analytics.
“We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI to AI,” said Ali Ghodsi, CEO and co-founder of Databricks. “Built on a modern lakehouse architecture in the cloud, Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and innovate faster. This lakehouse paradigm is what’s fueling our growth, and it’s great to see how excited our investors are to be a part of it.”
This funding will accelerate Databricks’ innovation and allow the company to scale and support the rapid adoption of the lakehouse, which is quickly becoming the data architecture of choice for data-driven organizations around the world.
Other existing and new Investors that participated in this funding round include: Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, GIC, Green Bay Ventures, Greenoaks Capital, New Enterprise Associates (NEA) and Octahedron Capital.
For more information, go to https://databricks.com.