Databricks secures $140M financing for AI products
August 23, 2017
Databricks, which offers a cloud platform meant to process huge amounts of data, has pulled in a $140 million Series D. The company plans to use the funding to expand its AI software services to a wide range of enterprise organizations. Databricks' increasing focus on AI is unsurprising: The sector is growing rapidly, with VC investment in AI and machine learning on a steady upswing, per the PitchBook Platform.
Andreessen Horowitz has led the new financing, with participation from Battery Ventures and NEA. If the company's big valuation jumps in the past are any indication, it could be worth $1 billion in short order.
A look at the company's funding and valuation history: