Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Databricks, a San Francisco-based data analytics SaaS company, raised $400 million in Series F funding led by Andreessen Horowitz at a $6.2 billion valuation.
Why it matters: Because this one can legitimately lay claim to all the hottest enterprise software buzzwords, from open-source to machine learning to cloud.
- In short, its big promise is to help customers add AI to existing business software — kind of SaaS-upon-SaaS. Plus, it just added the CFO who helped take Splunk public.
- Other investors include Alkeon Capital Management, BlackRock, Coatue, Dragoneer, Geodesic, Green Bay Ventures, NEA, T. Rowe Price, and Tiger Global.
The bottom line: "Databricks' platform is used by enterprises to analyze data, build data pipelines across siloed storage systems and prepare labeled datasets for model building. The idea is that organizations can then use the platform to train machine learning and other AI models using their existing data, writes SiliconAngle's Mike Wheatley.