Home General News Databricks raises $250 million in Series E round of funding at a...

Databricks raises $250 million in Series E round of funding at a valuation of $2.75 billion

Databricks, a cloud-based big data processing firm started by the founders of Apache Spark, has secured a Series E round of funding of $250 million which was led by Andreessen Horowitz.

Companies like Microsoft, Coatue Management and New Enterprise Associates (NEA) participated in this round of funding.

The Series E round of funding brings the total amount raised by the company to $498.5 million. The company is now valued at $2.75 billion after this round of funding.

Ali Ghodsi, the co-founder and CEO of Databricks stated that the company has gone from zero revenue to over $100 million in revenue in only three years.

The company provides the services of building data pipelines across different storage systems and which would prepare labeled datasets for model building.

With the help of Databricks, a firm can eliminate the challenges of data silos and the gap between data processing and machine learning platforms. The communication gaps between data scientists and engineers would be reduced with this platform.

The company has over 2000 clients which include Overstock, Hotels.com, Shell, HP, Nielsen, and Bechtel.

mm
Joel Picardo
Joel Picardo has been in the startup space for the last 5 years and has worked with startups in the cryptocurrency and digital marketing industry. He founded GeekyMint along with his co-founder SafdarAli with a mission to provide well-reseached articles in the cryptocurrency, finance, technology, blockchain, software, and startup sector

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Is Chrome The Worst Browser?

The balance between convenience and security has always been precarious in the online world. And it’s on the offside of this that...

9 of the best Rainiertamayo alternatives to watch unlimited online free movies and tv shows

Movies and tv shows have entertained people since the 1960s. Earlier to that people used to go to fair and circus to...

Top 11 Music Torrent websites in 2020

Music can instantly lighten up your day. The taste of music from people all around the world varies. But we believe everyone...

The Best Cricket Streaming Websites in 2020 (Safe & Working)

What's up my geek squad? I hope all of you are doing fine and are safe at home. As we all know...

The Best Torrent Search Engine Sites To Find Safe Torrents (100% Working)

Torrent search engines are not your regular web search engines like Bing or Google. A regular search engine like Google is usually...

Popular

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an Android Device directly through play store....

9 best ThopTV alternatives for free streaming and Live TV

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Cyberflix TV 3.2.0 – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC & Firestick

About CyberFlix TV CyberFlix TV is an online streaming app on which you can watch free movies and TV Shows. The app has been shut...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Stock market expert Marc Faber makes his first investment in BTC

In what could be a significant uplift for the most famous digital asset, Bitcoin (BTC), earlier in the week, one certain Marc Faber announced...