Databricks is a company that provides data and AI tools for organizations. This San Francisco-based enterprise software company has more than 2,500 employees and is reportedly on track to generate $1 billion in revenue over the next five years.
The company helps customers build and manage machine learning and analytics solutions for data science, AI, and big data. To date, more than 5,000 organizations around the world rely on Databricks. They offer a data lake, a data warehouse, and a unified analytics platform for enterprises. Users can create production workflows and interactive exploration. In addition, Databricks offers a data platform, including IPython-style notebooks. It also offers an automated cluster management tool. There are hundreds of industry-leading partners who rely on Databricks for their data. Among those companies are Adobe, Conde Nast, Google, Facebook, Salesforce, and Shell.
customers accelerate innovation
The company’s mission is to help its customers accelerate innovation. To this end, the company launched a venture capital arm in December. Its partners include Atlassian Ventures, Norwest Venture Partners, and Okta Ventures. With its latest round, Databricks raised $1.6 billion. And the company is on a growth path that will see it increase its headcount fourfold.
Databricks provides data, AI, and analytics to thousands of customers, including over 40 percent of the Fortune 500. As a result, the company has gained popularity as a leading tech vendor. Databricks has a presence in offices throughout the US, Europe, and Asia. But, its newest outpost is in Seattle.
As part of its commitment to expanding in the Seattle area, Databricks has opened a new office at 2033 6th Avenue in Bellevue. It is one of many Silicon Valley and Seattle-area tech firms that are opening additional locations in the region. Several other companies, such as Facebook and Wayfair, have announced plans to set up outposts in the city.
The company is on a mission to help the world’s hardest problems be solved. It has a focus on accelerating data teams’ ability to solve challenging business and data problems. That’s why the company is working on a number of projects that range from machine learning and data science to data engineering and artificial intelligence. Some of these projects are open source and the company has even co-organized a conference focused on Spark.
Conclusion
Databricks has been on a rapid growth trajectory, growing from just over 600 employees to more than 3,000 within a few years. The company is on pace to increase its revenue fourfold by 2022. Its mission is to provide a unified platform for data teams to work together. So far, it has raised over $3 billion in funding.
In November of 2019, Databricks received a $20 million Series B round from Okta Ventures, Atlassian Ventures, and Norwest Venture Partners. The company also announced a $1.6 billion Series H funding round in August.
To date, Data bricks has launched several open source projects. These include Apache Spark and MLflow. Additionally, the company has developed its own web-based platform for Spark.
