Lakehouse by alta12/13/2023 ![]() Topping up their investments were Andreessen Horowitz, funds and accounts managed by BlackRock, Canada Pension Plan Investment Board (CPP Investments), Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, funds and accounts managed by T. New investors include Baillie Gifford, ClearBridge Investments and UC Investments. In addition, the company will invest to accelerate adoption of the Databricks Lakehouse Platform globally, by entering new markets, enabling and growing its partner ecosystem, and building a broad catalog of industry solutions. ![]() The new round brings Databricks’ total funding to almost $3.6 billion, and will be used to build up their position in the rapidly growing data lakehouse market.ĭriven by open standards, cloud adoption and the continued rise of machine learning applications, the company intends to invest in innovations that further simplify AI, preserve choice and flexibility across all major public clouds, and establish the lakehouse as a modern replacement to the legacy data warehouse. ![]() As a result, they’re able to avoid architectural complexity, significantly reduce infrastructure costs, increase data team productivity, and innovate faster. Rather than being forced to move data out of the data lake, and between various disconnected and legacy systems for different use cases, Databricks customers are building lakehouses on AWS, Microsoft Azure and Google Cloud to support every data and analytics workload on a single platform.
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