Unified analytics platform Databricks has raised $250m in a Series E funding round led by Andreessen Horowitz.
Databricks’ unified analytics platform supports collaboration between data science and data engineering teams to build data products. The platform is built on the open-source unified analytics engine, Apache Spark. Last year Databricks integrated its offering into the Microsoft Azure service.
The company saw annual recurring revenue in 2018 exceed $100m and subscription revenue during the last quarter of 2018 triple year-on-year.
The San Francisco-based company markets its offering across the global, securing a customer base that includes Viacom, Nielsen, Hotels.com, Overstock, Bechtel, Shell and HP.
Coatue Management, Microsoft and New Enterprise Associates also participated in the round that brings the company’s total funding raised to $498.5m and raises the company’s valuation to $2.75bn.
Other investors in the business include Battery Ventures, Green Bay Ventures and Geodesic.
“Databricks is the clear winner in the big data platform race,” said Andreessen Horowitz co-founder and general partner Ben Horowitz. “In addition, they have created a new category atop their world-beating Apache Spark platform called Unified Analytics that is growing even faster. As a result, we are thrilled to invest in this round.”
Menlo Park VC Andreessen Horowitz launched a new $300m venture fund last year, dedicated to investing into crypto companies and protocols.
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