Databricks

Databricks, Inc. is an American enterprise software company founded by the creators of Apache Spark.[2] Databricks develops a web-based platform for working with Spark, that provides automated cluster management and IPython-style notebooks. The company develops Delta Lake, an open-source project to bring reliability to data lakes for machine learning and other data science use cases.[3]

Databricks, Inc.
TypePrivate
IndustryComputer software
Founded2013 (2013)
Founders
Headquarters
San Francisco, California
,
United States
Key people
  • Ali Ghodsi
  • (CEO)
  • Ion Stoica
  • (Executive chairman)
RevenueIncrease $1 billion+ (2022)[1]
Number of employees
4,000+ (2022)[1]
Websitedatabricks.com

History
Databricks booth

Databricks grew out of the AMPLab project at University of California, Berkeley that was involved in making Apache Spark, an open-source distributed computing framework built atop Scala. The company was founded by Ali Ghodsi, Andy Konwinski, Arsalan Tavakoli-Shiraji, Ion Stoica, Matei Zaharia,[4] Patrick Wendell, and Reynold Xin.

In November 2017, the company was announced as a first-party service on Microsoft Azure via integration Azure Databricks.[5]

In June 2020, Databricks acquired Redash, an open-source tool designed to help data scientists and analysts visualize and build interactive dashboards of their data.[6]

In February 2021 together with Google Cloud, Databricks provided integration with the Google Kubernetes Engine and Google's BigQuery platform.[7] Fortune ranked Databricks as one of the best large "Workplaces for Millennials" in 2021.[8] At the time, the company said more than 5,000 organizations used its products.[9]

In August 2021, Databricks finished their eighth round of funding by raising $1.6 billion and valuing the company at $38 billion.[10]

In October 2021, Databricks made its second acquisition of German no-code company 8080 Labs. 8080 Labs makes bamboolib, a data exploration tool that does not require coding to use.[11]

In response to the popularity of OpenAI's ChatGPT, in March 2023, the company introduced an open-source language model, named Dolly after Dolly the sheep, that developers could use to create their own chatbots. Their model uses fewer parameters to produce similar results as ChatGPT, but Databricks had not released formal benchmark tests to show whether its bot actually matched the performance of ChatGPT.[12][13][14]

Databricks acquired data security startup Okera in May 2023 to extend its data governance capabilities.[15] The next month, it acquired an open-source generative AI startup MosaicML for $1.4 billion.[16][17]

In October 2023, Databricks acquired data replication startup Arcion for $100 million.[18]

Funding

In September 2013, Databricks announced it raised $13.9 million from Andreessen Horowitz and said it aimed to offer an alternative to Google's MapReduce system.[19][20] Microsoft was a noted investor of Databricks in 2019, participating in the company's Series E at an unspecified amount.[21][22] The company has raised $1.9 billion in funding, including a $1 billion Series G led by Franklin Templeton at a $28 billion post-money valuation in February 2021. Other investors include Amazon Web Services, CapitalG (a growth equity firm under Alphabet Inc.) and Salesforce Ventures.[9]

Funding Rounds
Series Date Amount (million $) Lead Investors
A 2013 13.9[19] Andreessen Horowitz
B 2014 33[23] New Enterprise Associates
C 2016 60[24] New Enterprise Associates
D 2017 140[25] Andreessen Horowitz
E Feb. 2019 250[26] Andreessen Horowitz
F Oct. 2019 400[27] Andreessen Horowitz
G Jan. 2021 1,000[28] Franklin Templeton Investments
H Aug. 2021 1,600[29] Morgan Stanley
I Sep. 2023 500[30] Capital One Ventures, Nvidia

Products

Databricks develops and sells a cloud data platform using the marketing term "lakehouse", a portmanteau based on the terms "data warehouse" and "data lake".[31] Databricks' lakehouse is based on the open source Apache Spark framework that allows analytical queries against semi-structured data without a traditional database schema.[32] In October 2022, Lakehouse received FedRAMP authorized status for use with the U.S. federal government and contractors.[33]

Databricks' Delta Engine launched in June 2020 as a new query engine that layers on top of Delta Lake to boost query performance.[34] It is compatible with Apache Spark and MLflow, which are also open source projects from Databricks.[35]

In November 2020, Databricks introduced Databricks SQL (previously known as SQL Analytics) for running business intelligence and analytics reporting on top of data lakes. Analysts can query data sets directly with standard SQL or use product connectors to integrate directly with business intelligence tools like Tableau, Qlik, SigmaComputing, Looker, and ThoughtSpot.[36]

Databricks offers a platform for other workloads, including machine learning, data storage and processing, streaming analytics, and business intelligence.[37]

The company has also created Delta Lake, MLflow and Koalas, open source projects that span data engineering, data science and machine learning.[38] In addition to building the Databricks platform, the company has co-organized massive open online courses about Spark[39] and a conference for the Spark community called the Data + AI Summit,[40] formerly known as Spark Summit.

Operations

Databricks is headquartered in San Francisco.[41] It also has operations in Canada, the United Kingdom, Netherlands, Singapore, Australia, Germany, France, Japan, China, South Korea, India, Brazil, Switzerland and Serbia.[42]

References
  1. Loten, Angus (2022-08-05). "Databricks Says It Has Surpassed $1 Billion in Annualized Revenue". The Wall Street Journal. Archived from the original on 2022-08-07.
  2. Dwoskin, Elizabeth (June 9, 2016). "This is where the real action in artificial intelligence takes place". Washington Post. Retrieved 2016-08-16.
  3. "Databricks launches Delta Lake, an open source data lake reliability project". VentureBeat. 2019-04-24. Retrieved 2021-04-06.
  4. Zaharia, Matei. "Matei Zaharia". Retrieved 2016-08-16.
  5. "Microsoft makes Databricks a first-party service on Azure". TechCrunch. 15 November 2017. Retrieved 2021-04-06.
  6. "Databricks acquires Redash, a visualizations service for data scientists". TechCrunch. 24 June 2020. Retrieved 2021-04-06.
  7. "Databricks brings its lakehouse to Google Cloud". TechCrunch. 17 February 2021. Retrieved 2021-02-18.
  8. "100 Best Large Workplaces for Millennials". Fortune. June 16, 2021. Retrieved 2021-07-16.
  9. Konrad, Alex (February 2, 2021). "Databricks Raises $1 Billion At $28 Billion Valuation, With The Cloud's Elite All Buying In". Forbes. Retrieved July 29, 2021.
  10. Mellor, Chris (2021-09-01). "Databricks raises data lake of cash at monstrous $380bn valuation". Blocks & Files. Retrieved 2021-09-04.
  11. Eric Rosenbaum (October 6, 2021). "$38 billion software start-up Databricks makes acquisition to leave code behind". CNBC. Retrieved February 20, 2022.
  12. Hu, Krystal; Nellis, Stephen (March 24, 2023). "Databricks pushes open-source chatbot as cheaper ChatGPT alternative". Reuters. Archived from the original on March 25, 2023.
  13. Loften, Angus (March 24, 2023). "Databricks Launches 'Dolly,' Another ChatGPT Rival". The Wall Street Journal. Archived from the original on March 24, 2023.
  14. Goldman, Sharon (March 24, 2023). "Databricks debuts ChatGPT-like Dolly, a clone any enterprise can own". VentureBeat. Archived from the original on April 11, 2023.
  15. Palazzolo, Stephanie (May 3, 2023). "Exclusive: $38 billion data and AI darling Databricks acquires security startup Okera". Business Insider. Archived from the original on May 3, 2023.
  16. Datta, Tiyashi; Hu, Krystal (June 26, 2023). "Databricks strikes $1.3 billion deal for generative AI startup MosaicML". Reuters.
  17. Council, Stephen (June 26, 2023). "SF tech firm Databricks to buy 2-year-old startup for $21 million per employee". SFGATE.
  18. "After $43B valuation, Databricks acquires data replication startup Arcion for $100M". TechCrunch. 2023-10-23. Retrieved 2023-10-23.
  19. Harris, Derrick (September 25, 2013). "Databricks raises $14M from Andreessen Horowitz, wants to take on MapReduce with Spark". Retrieved September 28, 2014.
  20. Lorica, Ben (September 25, 2013). "Databricks aims to build next-generation analytic tools for Big Data". O'Reilly Media. Retrieved September 28, 2014.
  21. "Databricks raises $250M at a $2.75B valuation for its analytics platform". TechCrunch. 5 February 2019. Retrieved 2021-04-08.
  22. Novet, Jordan (2019-02-05). "Microsoft used to scare start-ups but is now an 'outstandingly good partner,' says Silicon Valley investor Ben Horowitz". CNBC. Retrieved 2021-04-06.
  23. Miller, Ron (June 30, 2014). "Databricks Snags $33M In Series B And Debuts Cloud Platform For Processing Big Data". TechCrunch. Retrieved September 28, 2014.
  24. Shieber, Jonathan (15 December 2016). "Databricks raises $60 million to be big data's next great leap forward". TechCrunch. Retrieved 2016-12-16.
  25. "Databricks Secures $140 Million to Accelerate Analytics and Artificial Intelligence in the Enterprise". Databricks. 22 August 2017. Retrieved 2019-05-16.
  26. "Databricks' $250 Million Funding Supports Explosive Growth and Global Demand for Unified Analytics; Brings Valuation to $2.75 Billion". Databricks. 5 February 2019. Retrieved 2019-02-05.
  27. "Databricks announces $400M round on $6.2B valuation as analytics platform continues to grow". TechCrunch. 22 October 2019. Retrieved 2019-10-24.
  28. "Databricks raises $1B at $28B valuation as it reaches $425M ARR". Tech Crunch. February 2021. Retrieved 2021-02-14.
  29. "Databricks raises $1.6B at $38B valuation as it blasts past $600M ARR". Tech Crunch. Retrieved 2021-07-01.
  30. Nishant, Niket; Hu, Krystal (2023-09-14). "Databricks raises over $500 mln at $43 bln valuation". Reuters. Retrieved 2023-09-20.
  31. Michael, Armbrust; Ghodsi, Ali; Xin, Reynold; Zaharia, Matei (January 2021). "Lakehouse: A New Generation of Open Platforms that Unify Data Warehousing and Advanced Analytics" (PDF). Conference on Innovative Data Systems Research. Retrieved July 29, 2021.
  32. "With massive $1B infusion, Databricks takes aim at IPO and rival Snowflake". SiliconANGLE. 2021-02-01. Retrieved 2021-04-08.
  33. Simone, Stephanie (2022-10-17). "Databricks achieves FedRAMP Authorized status". KMWorld. Information Today. Retrieved 2022-10-20.
  34. "Databricks Cranks Delta Lake Performance, Nabs Redash for SQL Viz". Datanami. 2020-06-24. Retrieved 2021-04-08.
  35. "Databricks launches Delta Lake, an open source data lake reliability project". VentureBeat. 2019-04-24. Retrieved 2021-04-08.
  36. "Databricks launches SQL Analytics". TechCrunch. 12 November 2020. Retrieved 2021-04-08.
  37. Brust, Andrew. "Databricks, champion of data "lakehouse" model, closes $1B series G funding round". ZDNet. Retrieved 2021-04-08.
  38. "The Two Sigma Ventures Open Source Index". Two Sigma Ventures. Retrieved 2021-04-08.
  39. "Databricks to run two massive online courses on Apache Spark". Databricks. 2014-12-02. Retrieved 2016-12-16.
  40. "Data + AI Summit". Databricks. Retrieved 2021-04-08.
  41. staff, CNBC com (2020-06-16). "36. Databricks". CNBC. Retrieved 2021-04-08.
  42. "Worldwide locations". Retrieved 2022-10-20.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.