Databricks Announces $400m Growth Investment And Appoints Dave Conte As CFO
The Series F round was led by Andreessen Horowitz’s Late Stage Venture Fund and is intended to accelerate innovation and scale across the globe, and values Databricks at $6.2bn.
The company has grown annual recurring revenue 2.5x over the past year and has gone from almost no revenue to a $200m revenue run rate in less than four years, according to the company.
“Data teams at thousands of organisations globally are now leveraging our Unified Data Analytics Platform to solve their toughest problems,” said Ali Ghodsi, co-founder and CEO at Databricks.
“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.”
The new investment will allow the company to scale R&D and continue its global expansion. The company added that it will invest €100m in its recently announced European development centre in Amsterdam over the next three years.
“Databricks’ net revenue retention is astounding,” said David George, general partner at Andreessen Horowitz.
“Why? Because customers love the product. Beyond that, they’ve followed up their breakthrough Spark technology with an amazing series of open source innovations including Delta Lake, MLflow, and Koalas.”
Elsewhere, Databricks also announced the appointment of Dave Conte as Chief Financial Officer, effective immediately.
In his role, Conte will report directly to co-founder and Chief Executive Officer Ali Ghodsi and lead all of the financial and operational functions at the company.
The company added that Conte brings experience most recently from Splunk and Opsware after starting his career at Ernst & Young.
“We’re honoured to have Dave join the leadership team. His experience leading and scaling global financial and operational functions at high-growth enterprise software companies is impressive,” Ghodsi said.
“Dave brings a breadth of knowledge and proven track record to support our continued growth.”
Conte has 30 years of finance and administration experience in multi-national public and private companies within the technology industry.
Conte was Splunk’s CFO for the last eight years, and prior to that, he was the CFO at Opsware, an IT automation software company that was acquired by HP for $1.65bn.
“I’m honoured to join such a high calibre team that has driven really impressive growth,” said Conte.
“Enterprises continue to seek solutions that enable data-driven decision making and Databricks is well-positioned to support organisations in their data journey.
“I look forward to adding my experience to the team and contributing to the company’s continued growth.”
Investors that participated in the company’s funding round included Alkeon Capital Management, Andreessen Horowitz, funds and accounts managed by BlackRock Inc., Coatue Management, Dragoneer Investment Group, Geodesic, Green Bay Ventures, Microsoft Corporation, New Enterprise Associates (NEA), funds and accounts advised by T. Rowe Price Associates, Inc., and Tiger Global Management.
source dataeconomy
Industry: Data Centre / Data Center
Latest Jobs
-
- SOC Manager. SC Clearance. Immediate opportunity.
- Unknown
- N/A
-
Permanent SOC Manager. SC cleared / clearable, London / Birmingham. SOC Manager needed to replace a SOC contractor I placed into a client who is due to complete their assignment at the end of March. The ability to achieve SC clearance is essential. Looking for someone that is a blend of strategic stakeholder engagement with strong technical skills. The role will sit in a relatively new SOC environment. The position is to setup, implementation and management of resources to help with the initial and on-going stages of a new SOC. Experience engaging with and managing client stakeholder relationships as well as 3rd party relationships is critical. The role will involve; setting up, implementing and fine tuning the various initial stages of a SOC environment. Experience establishing and building out technical process / operational capability, managing of technical teams (analysts, engineers and architects, creation of policy / playbooks, fine turning is key. SPLUNK is the tooling of choice… Interviewing immediately. Set up a call with me today on https://calendly.com/chris-holt/arranged-call-with-chris-holt-soc-manager-role Direct contact details Chris.Holt@dclsearch.com or 07884666351
-
- Security engineer. Financial Services. UK. Permanent
- Unknown
- N/A
-
CH7863 Security engineer. End User . Financial Services Security Engineer needed to monitor and manage a security suite of tools within an End User environment. The Security Engiener will be responsible monitoring, configuring, fine tuning, incident management and generally improving the security tool capability. Specific experience with CyberArk, Tripwire Log Center and Tripwire Enterprise is highly desirable). Current experience with Vulnerability management and penetration testing is highly desirable. Specifically the ability to effectively manage 3rd party pen tests. You will be working within a specialist security team reporting to the CISO. Experience working within an end user environment within financial services is highly desirable. Flexible location. This is an exclusive role to DCL Search & Selection. To book a call please use my Calendy link https://calendly.com/chris-holt/arranged-call-with-chris-holt-soc-role-
-
- DevSecOps - Security design / review consultant. SC Clearance. London
- London
- N/A
-
CH7858 London £70,000 DevSecOps - Security design / review consultant. DevSecOps - Security design / review consultant will ensure that newly created, public facing apps are secure by design and by default by aligning them to current / best practice security policies and standards into the design phases. The individual must have a technical software / application development background with specalist experinece in secure architecture design. (Frameworks, processes, best practice etc) Practical experience translating and ensuring that the OWASP top 10, ISO27001, HMG frameworks requirements are reviewed and embedded into project designs which are implemented is essential. Experience working projects through a full development lifecycle is key. You will work along side the design and project teams to idenitfy and mitigate risks throughout the design phases. This is a permanent role. SC clearance is essential as is the ability to get to the London office. (When appropiate #covid) Security DevSecOps consultant. To arrange a discreet call book via https://calendly.com/chris-holt/devsecopp--security-design-review-consultant
-
- CONTRACTOR Cyber Vulnerability Analyst, NESSUS, Rapid 7, SC clearance required.
- London
- N/A
-
Cyber Vulnerability analyst NESSUS, Rapid 7, needed for IMMEDIATE 3 month contract MUST have / be able to achieve UK SC clearance role to work within a live environment within a public sector department. The individual must have experience in using various security methods and tools such as Rapid7 and NESSUS scan for / identify vulnerabilities, prioritise them according to risk and raise appropriate tickets for remediation / follow up. In depth experience utilising Nessus highly beneficial. Current cyber public sector experience highly desirable.