Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Databricks Raises $33 Million and Introduces Cloud Platform for Processing Big Data

byadmin
July 1, 2014
in News
Home News
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Databricks, a start up that builds software around the popular open-source project Apache Spark, announced on Monday at this year’s Spark Summit in San Francisco that it has raised $33 million in Series B funding. The announcement also included the launch of a new cloud computing service on Amazon Web Services, which aims to reduce the time and cost of setting up and analysing big data by sampling the data pipeline in the cloud. New Enterprise Associates led the funding round with participation from existing investor Andreessen Horowitz.

“Getting the full value out of their Big Data investments is still very difficult for organizations,” said Databrick’s CEO, Ion Stoica. “Clusters are difficult to set up and manage, and extracting value from your data requires you to integrate a hodgepodge of disparate tools, which are themselves hard to use. Our vision at Databricks is to dramatically simplify big data processing and free users to focus on turning data into value.”

Although Spark is currently deployable on AWS, the announcement of Databricks Cloud means that Spark will be a managed service that will be supported directly by Databricks. Data will be stored in AWS by default, but can also be stored in HDFS if customers already have Hadoop clusters running in AWS. Moreover, as GigaOM reports, “Databricks cloud can read data from, and export data to, MongoDB, MySQL and Amazon Redshift.”

While Databricks Cloud will exclusively run on AWS S3 for now, Stoica said the company has plans to explore other options like Google Compute Cloud and Microsoft Azure. Databricks cloud is currently in beta but is expected to be ready on Amazon by this fall, starting at “a couple of hundred dollars” per user, per month.

Databricks is current the most active open-srouce project for big data, and its recent funding has brought the total investment in the company to $47 million.

Read more here

Follow @DataconomyMedia

Interested in more content like this? Sign up to our newsletter, and you wont miss a thing!

[mc4wp_form]

(Image Credit: Flickr)

 

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

Tags: Apache SparkBig DatacloudDatabricksNews

Related Posts

Amazon claims its new AI video summaries have “theatrical quality”

Amazon claims its new AI video summaries have “theatrical quality”

November 20, 2025
Google finally copies the best feature from Edge and Vivaldi

Google finally copies the best feature from Edge and Vivaldi

November 20, 2025
Perplexity launches free agentic shopping tool with PayPal

Perplexity launches free agentic shopping tool with PayPal

November 20, 2025
You should keep your Snapdragon 8 Gen 3 if you want to run emulators

You should keep your Snapdragon 8 Gen 3 if you want to run emulators

November 20, 2025
Netflix grabs the Home Run Derby in fifty million dollar baseball deal

Netflix grabs the Home Run Derby in fifty million dollar baseball deal

November 20, 2025
OpenAI says its new coding model can work for 24 hours straight

OpenAI says its new coding model can work for 24 hours straight

November 20, 2025
Please login to join discussion

LATEST NEWS

Amazon claims its new AI video summaries have “theatrical quality”

Google finally copies the best feature from Edge and Vivaldi

Perplexity launches free agentic shopping tool with PayPal

You should keep your Snapdragon 8 Gen 3 if you want to run emulators

Netflix grabs the Home Run Derby in fifty million dollar baseball deal

OpenAI says its new coding model can work for 24 hours straight

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.