Databricks, a San Francisco-based company that provides a suite of enterprise-focused scalable data science and data engineering tools. Since 2013, the year Databricks opened for business, it’s had no trouble attracting customers. But this week kicked into high gear the company’s uninterrupted march toward market domination. “[We’re] the fastest-growing enterprise software cloud company on record. Our bets on massive data processing, machine learning, open source, and the shift to the cloud are all playing out in the market and resulting in enormous and rapidly growing global customer demand,” added Ghodsi, who said that Databricks will set aside a €100 million ($110 million) slice of the series F proceeds to expand its Amsterdam-based European development center over the next three years. (He claims the center has already grown by three times over the past two years.) Other near-term plans involve bolstering the company’s operations in Europe, the Middle East and Africa, Asia Pacific, and Latin America, as well as its workforce of 900 employees spread across major offices in Amsterdam, Singapore, and London.
Databricks this morning announced that it’s closed a $400 million series F fundraising round led by Andreessen Horowitz. It values the startup at $6.2 billion up from a post-money valuation of $2.75 billion in February (following a $250 million funding round), and it comes shortly after Databricks’ revenue run-rate reached $200 million (during Q3 2019) and after a year in which annual recurring revenue grew 2.5 times year over year. Databricks now counts among its customer brands like Hotels.com, Viacom, HP, Shell Energy, Showtime, Riot Games, Sanford Health, Expedia, Condé Nast, McGraw Hill, Zeiss, Cisco, NBCUniversal, Overstock, Nielsen, HP, Dollar Shave Club, and more across the advertising, technology, energy, government, financial services, health care, gaming, life sciences, media, and retail segments.
https://venturebeat.com/2019/10/22/databricks-raises-400-million-at-a-6-2-billion-valuation/