Databricks, a San Francisco, CA-based Data and AI company, raised $1.6 Billion in Series H funding.
The round, which brought valuation to $38 billion post-money and total funding to almost $3.6 billion, was led by Counterpoint Global (Morgan Stanley), with participation from Baillie Gifford, ClearBridge Investments and UC Investments (Office of the Chief Investment Officer of the Regents of the University of California), Andreessen Horowitz, funds and accounts managed by BlackRock, Canada Pension Plan Investment Board (CPP Investments), Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, funds and accounts managed by T. Rowe Price Associates, Inc., Tiger Global Management Whale Rock Capital Management, 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.
The company intends to use the funds to enter new markets, grow its partner ecosystem, and build a broad catalog of industry solutions.
Led by Ali Ghodsi, Co-Founder and CEO, Databricks provides a cloud platform that leverages an open and unified architecture for data and AI to enable customers to build lakehouses on AWS, Microsoft Azure and Google Cloud to support every data and analytics workload on a single platform. It is used by more than 5,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500. The company is headquartered in San Francisco, with offices around the globe.
As further commitment to accelerate lakehouse adoption globally, Databricks also announced the appointment of former Salesforce executive, Andy Kofoid, as President of Global Field Operations.