Cloud startup Databricks raises $1 billion in Series G funding

Databricks, a cloud startup founded by CS Adjunct Assistant Prof. Ali Ghodsi, CS Prof. Scott Shenker, CS Prof. Ion Stoica, and alumni Andrew Konwinski (M.S. ’09/Ph.D. 12, advisor: Randy Katz), Reynold Xin (Ph.D. ’13, advisor: Ion Stoica), Patrick Wendell (M.S. ’13, advisor: Ion Stoica), and Matei Zaharia (Ph.D. ’13, advisors: Scott Shenker & Ion Stoica), has received $1 billion in a Series G funding round.  Franklin Templeton led the round and now values the company at $28 billion.  Amazon Web Services, CapitalG, the growth equity arm of Google parent Alphabet, and Salesforce Ventures are backing Databricks for the first time, while Microsoft joins a group of existing investors including BlackRock, Coatue, T. Rowe Price and Tiger Global.  Ghodsi, who is CEO of the company, says Databricks plans to use the funds to accelerate its international presence. “This lets us really hit the gas and go aggressive in these big markets. It’s almost like starting the company all over again,” he says.  Databricks grew out of the AMPLab project and is built on top of Apache Spark, an open-source analytics tool developed at Berkeley.  The company provides data analytics and AI tools to businesses.  It has grown more than 75% year-over-year, with the majority of its revenue coming from enterprises like Comcast, Credit Suisse, Starbucks and T-Mobile, who use it as a “data lake house”–a place to store structured and unstructured data, then layer business intelligence or machine-learning tools easily on top.