INSUBCONTINENT EXCLUSIVE:
In fact, the company claims to be one of the fastest growing enterprise cloud companies ever
Today the company announced a massive $400 million Series F funding round on a hefty $6.2 billion valuation
investors BlackRock, Inc., T
Rowe Price Associates, Inc
and Tiger Global Management also participating
The institutional investors are particularly interesting here because as a late-stage startup, Databricks likely has its eye on a future
IPO, and having those investors on board already could give them a head start.CEO Ali Ghodsi was coy when it came to the IPO, but it sure
The revenue is growing gangbusters, and the brand is also really well known
consists of four products, all built on foundational open source: Delta Lake, an open-source data lake product; MLflow, an open-source
project that helps data teams operationalize machine learning; Koalas, which creates a single machine framework for Spark and Pandos,
greatly simplifying working with the two tools; and, finally, Spark, the open-source analytics engine.You can download the open-source
version of all of these tools for free, but they are not easy to use or manage
The way that Databricks makes money is by offering each of these tools in the form of Software as a Service
seems to be working, as the company is growing like crazy
