附近上门

Although Databricks is fairly young, the data product company has pulled in tons of cash and is growing fast.

In fact, the company has raised $400 million in a new round of funding and hired chief financial officer Dave Conte as CFO, the company announced Tuesday.

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The new round was led by 鈥檚 Late-Stage Venture Fund and values Databricks at $6.2 billion. Andreessen鈥檚 backed Databricks since the beginning, leading its $14 million in 2013 and most recently leading its $250 million in February.

The Series F round brings Databricks鈥� total funding to , according to 附近上门.

Most of the new funding will be going toward research and development, according to Databricks CEO The company will invest 鈧�100 million into its new European Data Center in Amsterdam over the next three years.

鈥淥ur bets on massive data processing, machine learning, open source and the shift to the Cloud are all playing out in the market and resulting in enormous and rapidly growing global customer demand,鈥� Ali said in a statement. 鈥淎s a result, Databricks is the fastest growing enterprise software cloud company on record.鈥�

Teams in the United States and Europe will focus on developing Databricks鈥� four projects: the Delta Lake Project, which has more than 4,000 customers; MLflow, which is only a year old but has 800,000 downloads per month; the Koalas project, which is rapidly developing and its Apache Spark project.

Databricks has grown its annual recurring revenue more than 2.5x over the past year, according to a statement, and has gone from virtually no revenue to a $200 million revenue run rate in less than four years.

IPO, Not Yet

An IPO is something the company will probably do at some point in the future, Ghodsi said, but not any time soon.

鈥淲e think we鈥檙e going to be an independent, viable business for many, many years to come,鈥� Ghodsi said.

Ghodsi said he couldn鈥檛 imagine how fast the company鈥檚 grown and its now $6.2 billion valuation when Databricks was in its infancy.

In 2012 when Ghodsi and Databricks鈥� co-founders were dreaming up the company, others were skeptical about how much success there could be with the cloud, machine learning, and open source. All three bets evidently paid off.

鈥淓verybody was saying we were wrong,鈥� Ali recalled.

Databricks鈥� new funding round, which includes investors like , , and , comes just as the company brings on a CFO, Dave Conte.

Conte was most recently CFO at Splunk for the past eight years, and helped take the company public.

鈥淗e鈥檚 well-versed, well-liked by analysts all around so we鈥檙e super super excited for him to join as CFO,鈥� Ghodsi said.

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