Databricks raises $1B to accelerate innovation and support rapid adoption of the lakehouse

2021-02-03 00:00

Databricks announced a $1 billion investment in response to the rapid global adoption of its unified data platform.

"We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI to AI," said Ali Ghodsi, CEO and Co-Founder of Databricks.

"Built on a modern lakehouse architecture in the cloud, Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and innovate faster."

This funding will accelerate Databricks' innovation and allow the company to scale and support the rapid adoption of the lakehouse, which is quickly becoming the data architecture of choice for data-driven organizations around the world.

"Franklin Templeton is excited to work with Databricks as they enter this next stage of their impressive journey. We've seen first hand their ability to help enterprises leverage data to better understand customer journeys, operationalize business processes and, ultimately, build competitive advantage rooted in data."

"Azure Databricks continues to be an impressive solution that brings the latest advances in open, flexible and scalable data and AI capabilities to our customers," said Scott Guthrie, Executive Vice President, Cloud + AI, Microsoft Corp. "Our investment underscores the vision we share with Databricks of simplifying data and AI for our customers. Together, we will continue to build on the success of Azure Databricks and seamless integrations across Azure data services to enable cloud-scale analytics and AI on Azure."

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