Databricks Announces $33M Series B

Databricks, a provider of a cloud-based open source Big Data management platform, announced a $33 million Series B financing led by New Enterprise Associates, with participation from existing investor Andreessen Horowitz. The company has now raised $47 million in two rounds, with its $14 million Series A funding valuing it at almost $48 million. The new funds will aid the company in hiring and expansion efforts.

Databricks was founded by the creators of the open source project Apache Spark; Databricks Cloud, its platform, is built around Spark and offers users built-in applications to analyze and extract value from Big Data. It is currently in limited availability with several beta users.

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