Databricks

Unified data platform for analytics and AI

San Francisco, California, United States

About Databricks

Databricks provides a platform that combines the features of data lakes and data warehouses, referred to as lakehouse architecture. This platform allows organizations to efficiently manage, analyze, and gain insights from their data. It caters to a diverse clientele, including data engineers, data scientists, and business analysts in sectors like finance, healthcare, and technology. Databricks streamlines data ingestion, management, and analysis through automated ETL processes, secure data sharing, and high-performance analytics. Additionally, it supports machine learning and AI workloads, enabling users to build and deploy models at scale. Unlike many competitors, Databricks operates on a subscription-based model, generating revenue through platform access and professional services. The company's goal is to empower organizations to leverage their data effectively for better decision-making and insights.

San Francisco, CaliforniaHeadquarters
2013Year Founded
$13,615.3MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Data & Analytics, Enterprise Software, AI & Machine LearningIndustries
5,001-10,000Employees

Benefits

Extended health care including dental and vision
Life/AD&D and disability coverage
Equity awards
Flexible Vacation
Gym reimbursement
Annual personal development fund
Work headphones reimbursement
Employee Assistance Program (EAP)
Business travel accident insurance
Paid Parental Leave

Risks

Increased competition from Snowflake could impact Databricks' market share.
Integration challenges with acquisitions like Tabular may disrupt operations.
Expansion into new markets may expose Databricks to geopolitical and regulatory risks.

Differentiation

Databricks offers a unified platform combining data lakes and warehouses, known as lakehouse.
The platform supports collaborative data science and machine learning workflows efficiently.
Databricks integrates seamlessly with various cloud services for enhanced data management.

Upsides

Databricks raised $10B, boosting its valuation to $62B for global expansion.
The company reports a $3B revenue run rate, indicating strong financial performance.
Databricks' expansion into Saudi Arabia aligns with Vision 2030, enhancing Middle East presence.

Funding

Total raised$13.62 B
Latest valuation$62.00 B
StageGROWTH_EQUITY_VC
SERIES A
8/31/2013
$14
$70.00 M