San Francisco-based unified analytics platform company Databricks has raised $250 million in a Series E funding round. The investment was led by Andreessen Horowitz. Coatue Management, Microsoft, and New Enterprise Associates (NEA) also participated in the investment, along with Battery Ventures, Green Bay Ventures, and Geodesic.
“Databricks has gone from almost no revenue to over $100 million in annual recurring revenue in just three years, putting us among the fastest growing enterprise software companies,” said Ali Ghodsi, CEO and co-founder of Databricks.
Databricks has raised a total of $498.5 million to date. The company is currently pegged at a valuation of $2.75 billion, Databricks said in a statement.
[Image courtesy: Databricks]