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Databricks Continues To Grow Big Data Platform For Enterprise Apps

Saturday Feb 9th 2019 by Sean Michael Kerner

EnterpriseAppsToday: Demand for advanced data analytics is helping to push Databricks and the open source Apache Spark project forward.

At the core of many modern enterprise apps and services is a fundamental need for data analytics. It's a need that Databricks and the open source Apache Spark project that it leads, helps to fill.

It's also a need that a lot of organizations are willing to pay for. On Feb. 5, Databricks announced that it now generates over $100 million in annual revenue. Databricks still wants to grow more and to that end the company raised a $250 million Series E funding round led by Andreessen Horowitz. Coatue Management, Microsoft, and New Enterprise Associates (NEA). Total funding to date for Databricks now stands at $498.5 million and the company has a publicly stated valuation of $2.75 billion.

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