Microsoft Invests In Databricks, One Of The Winners In The Big Data Platform Race

Databricks, a popular unified analytics platform, today announced that it has secured $250 million in a Series E funding round. Microsoft was one of the investors in this round. This round raises the Databricks’ valuation to $2.75 billion. The company mentioned that its revenue exceeded $100 million during 2018, thanks to the availability of Azure Databricks, a first-party integrated Microsoft Azure service. Microsoft partnered with Databricks to build Azure Databricks to simplify the process of big data and AI solutions. This solution makes it easier for users to focus on their data by providing a fully managed, scalable, and secure cloud infrastructure that reduces operational complexity and total cost of ownership. READ MORE ON: MSPOWERUSER

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DataYusra Hamid