Total amount raised
$990 Millions
Latest funding date
October, 2019
Location
Databricks has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers comprehensive data and AI solutions tailored for enterprises.
Keep reading to explore the intricacies of Databricks' fundraising journey and the investors backing this innovative platform.
What Is Databricks?
Databricks, founded in 2013, is headquartered in San Francisco, California. The company was established by a group of seven co-founders: Ali Ghodsi, Andy Konwinski, Arsalan Tavakoli-Shiraji, Ion Stoica, Matei Zaharia, Patrick Wendell, and Reynold Xin.
Specializing in data and AI solutions, Databricks offers a unified platform that integrates data engineering, data science, machine learning, and analytics. This platform enables organizations to manage and analyze large datasets efficiently.
With a workforce of 5001-10000 employees, Databricks continues to innovate and support enterprises in their data-driven endeavors.
How Much Funding Has Databricks Raised?
- Series D
- Amount Raised: $140M
- Date: August 2017
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and support its growing customer base.
- Series E
- Amount Raised: $250M
- Date: February 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series F
- Amount Raised: $400M
- Date: October 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and scale operations globally.
- Series G
- Amount Raised: $1B
- Date: February 2021
- Lead Investors: Franklin Templeton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in AI product development and expand international operations.
- Series H
- Amount Raised: $1.6B
- Date: August 2021
- Lead Investors: Counterpoint Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and enhance AI capabilities.
- Series I
- Amount Raised: $500M
- Date: September 2023
- Lead Investors: NVIDIA, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI technologies and expand market presence.
- Series J
- Amount Raised: $10B
- Date: December 2024
- Lead Investors: Andreessen Horowitz, DST Global, GIC, Insight Partners, Thrive Capital, WCM Investment Management
- Valuation at Round: $62B
- Motivation Behind the Round: To invest in new AI products, expand global operations, and fund acquisitions.
- Debt Financing
- Amount Raised: $5.3B
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To alleviate tax burdens related to stock sales by employees and support growth initiatives.
Total Amount Raised: $18.19B. Current Valuation: $62B.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that invests in both early-stage start-ups and established growth companies. Founded in 2009, it is based in Menlo Park, California.
- Investment Focus Areas: Technology companies, software, internet, biotechnology.
- Notable Investments: Facebook, Airbnb, Lyft.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that focuses on internet and software investments. It was founded in 2009 and is headquartered in New York City.
- Investment Focus Areas: Internet, software, technology.
- Notable Investments: Instagram, Stripe, Robinhood.
- DST Global
- Details: DST Global is an investment firm that focuses on late-stage internet companies. It was founded by Yuri Milner in 2009 and is based in Hong Kong.
- Investment Focus Areas: Late-stage internet companies, technology.
- Notable Investments: Facebook, Alibaba, Spotify.
- GIC Pte Ltd
- Details: GIC Pte Ltd is a sovereign wealth fund established by the Government of Singapore to manage Singapore's foreign reserves. It was founded in 1981.
- Investment Focus Areas: Equities, fixed income, real estate, private equity.
- Notable Investments: UBS, Citigroup, Alibaba.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology, software, and internet businesses. It was founded in 1995 and is based in New York City.
- Investment Focus Areas: Technology, software, internet businesses.
- Notable Investments: Twitter, Shopify, DocuSign.
What's Next for Databricks?
Databricks stands at the cusp of significant opportunities, driven by its recent $15.3 billion financing round. The company plans to channel these funds into developing new AI products, expanding its global operations, and making strategic acquisitions. With a valuation of $62 billion, Databricks is well-positioned to capitalize on the growing demand for AI and data analytics solutions.
Future fundraising opportunities appear promising, especially with strategic investors like Meta and Temasek on board. An IPO could be on the horizon, potentially in 2025, providing further capital to fuel its ambitious growth plans. However, challenges such as economic uncertainties, competition from major players like Snowflake, and the effective integration of acquisitions could pose hurdles along the way.
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