Databricks to raise $400m in a Series F round led by Andreessen Horowitz.

Databricks, a unified data analytics platform, announced a $400m Series F financing round led by Andreessen Horowitz and joined by major new investors including funds and accounts managed by BlackRock, funds, and accounts advised by T. Rowe Price Associates and Tiger Global Management. The new investment will allow the company to scale R&D and continue its rapid global expansion. It will also fuel its rapid and accelerating global growth, which includes expansion in Europe, the Middle East, and Africa, Asia Pacific, and Latin America. “Data teams at thousands of organizations globally are now leveraging our Unified Data Analytics Platform to solve their toughest problems. Our 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. As a result, Databricks is among the fastest-growing enterprise software cloud companies on record,” Ali Ghodsi, Databricks Co-Founder and CEO.