Databricks has been well funded from the start.
In 2013, seven data scientists and professors pitched Ben Horowitz, cofounder of Andreessen Horowitz, on an idea for a new data management company that would build the next generation of data analytics. Ten years after the fact—and billions in funding later—more than 9,000 companies use the Databricks platform, ranging from AT&T to Toyota, to store and update their data or power machine learning capabilities. While it’s not so easy to pinpoint its value in the current market cycle, Databricks notched a $38 billion valuation from venture investors in 2021, establishing it as one of the world’s 10 most valuable startups.
