Databricks Secures $1.6B Series H Round
Summary
SAN FRANCISCO, CA, Databricks, the Data and AI company, today announced a $1.6 Billion round of funding. The Series H funding, led by Counterpoint Global (Morgan Stanley), puts Databricks at a $38 billion post-money valuation. Other existing and new Investors that participated in this funding round include: Alta Park Capital, a suite of BNY Mellon funds, Discovery Capital, Dragoneer Investment Group, Flucas Ventures, Gaingels, Geodesic, Green Bay Ventures, the House Fund, Insight Partners, and New Enterprise Associates. More than 5,000 organizations worldwide - including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 - rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Founded by the original creators of Apache Spark, Delta Lake and MLflow, Databricks is on a mission to help data teams solve the worlds toughest problems.
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