Databricks, a San Francisco, CA-based unified analytics company, secured $250m in Series E funding.
The round, which brought total amount raised to date to $498.5m and the valuation to $2.75 billion, was led by Andreessen Horowitz, with participation from Coatue Management, Microsoft, New Enterprise Associates (NEA), Battery Ventures, Green Bay Ventures, and Geodesic.
The company intends to use the funds to continue to expand operations.
Led by Ali Ghodsi, CEO and co-founder, Databricks provides a Unified Analytics Platform for data science teams to collaborate with data engineering and lines of business to build data products. Users create analytic workflows that go from ETL and interactive exploration to production. They can also focus on their data by utilizing a fully managed, scalable, and secure cloud infrastructure that reduces operational complexity and total cost of ownership.
Databricks has a global customer base that includes over 2,000 organizations globally, such as Nielsen, Hotels.com, Overstock, Bechtel, Shell and HP, with over $100 million in annual recurring revenue during 2018.