This new round brings Databricks’ total funding to almost $3.6B, and will be used to accelerate the company’s lead in the massive and rapidly growing data lakehouse market. We leverage Data Lakehouse in Databricks for our most granular data as well as real-time data pipelines supporting key AI/ML applications.” – Andy Markus, Chief Data Officer, AT&T This involves moving petabytes of data to the cloud. As part of our goal to create new and exciting customer experiences that connect people with who and what they love, AT&T is modernizing our data ecosystem and migrating it to the cloud.
“AT&T has been changing the way people live, work and play for the past 144 years. Today, hundreds of leading organizations around the world are using the Databricks Lakehouse Platform. As a result, they’re able to avoid architectural complexity, significantly reduce infrastructure costs, increase data team productivity, and innovate faster. Rather than being forced to move data out of the data lake, and between various disconnected and legacy systems for different use cases, Databricks customers are building lakehouses on AWS, Microsoft Azure and Google Cloud to support every data and analytics workload on a single platform. Rowe Price Associates, Inc., Tiger Global Management and Whale Rock Capital Management.Īs further commitment to accelerate lakehouse adoption globally, Databricks also announced the appointment of former Salesforce executive, Andy Kofoid, as President of Global Field Operations.Īs the world’s first lakehouse platform in the cloud, Databricks has pioneered an open and unified architecture for data and AI, which brings the reliability, governance and performance of a data warehouse directly to the data lakes that most organizations already store all of their data in. Existing investors participating in the round include 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. Counterpoint Global is joined by other new investors including Baillie Gifford, ClearBridge Investments and UC Investments (Office of the Chief Investment Officer of the Regents of the University of California).
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The Series H funding, led by Counterpoint Global (Morgan Stanley), puts Databricks at a $38 billion post-money valuation. SAN FRANCISCO – Aug– Databricks, the Data and AI company, today announced a $1.6 Billion round of funding to accelerate innovation and adoption of the data lakehouse, as the data architecture’s popularity across data-driven organizations continues to grow at a rapid pace.
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