Databricks, the Data and AI company known for their data lakehouse architecture, announced the final closing of their recent Series H funding. Cloud leaders and existing investors Amazon Web Services (AWS), CapitalG, and Microsoft will participate in Databricks’ $1.6 billion round of funding, which puts the company at a $38 billion post-money valuation. The Series H funding will be used to accelerate innovation and adoption of the lakehouse as the data architecture’s popularity across data-driven organizations continues to grow at a rapid pace.
Databricks has a simple and open architecture for data and AI, which brings the reliability, governance, and performance of a data warehouse directly to the data lakes that most organizations already store all of their data in. 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 analytics platforms on AWS, Microsoft Azure, and Google Cloud to support every data and analytics workload in a single, unified location.