Databricks Raises $250 Million for Data Analytics

Databricks doesn’t have a snappy acronym but they’ve eased the pain with a $250 million Series E to further grow their data analytics business. Databricks is a primary contributor to the open source Apache Spark analytics engine. Its revenue, now over $100 million, comes from a Spark-based Unified Analytics platform that simplifies preparation of analytical data and creation of machine learning models. They are not as customer-focused as a CDP but there’s surely some overlap.