Top Executive: CEO Ali Ghodsi
Databricks has been one of hottest startups in the big data space in recent years. The company, founded in 2013 by the developers of the Apache Spark unified analytics engine for large-scale data processing, has become the leading proponent of the data lake concept for data analysis, an alternative to traditional data warehouse systems.
One reason Databricks has generated headlines is the company’s funding: Databricks has raised some $3.6 billion from investors—including $1 billion and $1.6 billion funding rounds in February and August 2021— putting the company’s valuation at an astonishing $38 billion. Some industry watchers expect an initial public offering from the company sometime this year.
The company develops its flagship Databricks Lakehouse Platform to handle a range of big data tasks including data analytics and data warehousing, data engineering, data streaming, and data science and machine learning. Recently the company has developed solutions for specific vertical industries, including financial services, health care and life sciences, and retail and consumer packaged goods, that run on the company’s platform.
That dovetails with the company’s recent launch of its Brickbuilder Solutions initiative to work with solution provider and systems integrator partners to develop industry-specific data and AI solutions that run on the Databricks Lakehouse Platform.