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Andreessen Horowitz, Microsoft, others invest $400M in Databricks


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Andreessen Horowitz, Microsoft, others invest $400M in Databricks

U.S. data analytics company Databricks Inc. raised $400 million in a series F funding round from a group of investors that includes Andreessen Horowitz LLC's late-stage venture fund and tech giant Microsoft Corp.

Alkeon Capital Management LLC, BlackRock Inc.-managed funds and accounts, Coatue Management LLC, Dragoneer Investment Group LLC, Geodesic Capital, Green Bay Ventures, New Enterprise Associates, T. Rowe Price & Associates-advised funds and accounts, and Tiger Global Management LLC also participated in the funding round, which valued Databricks at $6.2 billion.

Databricks will use the fresh capital to invest €100 million over three years in its European Development Center, an engineering hub in Amsterdam. The company also intends to build engineering teams for its open-source data management and machine learning technologies, as well as expand its footprint to Europe, Middle East and Africa, Asia-Pacific, and Latin America.

Databricks also named Dave Conte CFO, effective immediately. Conte most recently was CFO at enterprise data software company Splunk Inc.