Databricks secures $250m funding as a16z claims its victory in big data platforms
February 06, 2019 / Cloud Tech
It’s another big day for big data; analytics platform provider Databricks has raised $250 million (£193.3m) in a series E funding round and now sits atop a $2.75 billion valuation. The funding was led by Andreessen Horowitz (a16z), and featured participation from Coatue Management, Microsoft, and New Enterprise Associates (NEA). In a statement, Ben Horowitz said that a16z was “thrilled” to invest in this funding round and that Databricks was the “clear winner in the big data platform race.” The company helped create big data processing framework Apache Spark and has offerings based around Azure and Amazon Web Services (AWS). The technology continues to have a wide-ranging influence; only last week Google launched a Kubernetes operator for Apache Spark in beta.