Funding round
Databricks Series C
Databricks, which works in cloud data platform development in San Francisco, raised $60M in a Series C round announced on 15 Dec 2016, led by New Enterprise Associates. 2 firms took part, 2 of them already investors. It is Databricks' third venture round on record; the one before was a Series B in Jun 2014.
$60M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Databricks did not disclose a valuation in this round. It came 30 months after Databricks' Series B. It is under 1% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 8 months later: a Series D round of $140M in Aug 2017. Its next priced round, a Series E in Feb 2019, valued it at $2.75B.
Databricks' funding rounds
Databricks has 14 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Sep 2013, led by Andreessen Horowitz $14M
- Series B 30 Jun 2014, led by New Enterprise Associates $33M
- Series C this round 15 Dec 2016, led by New Enterprise Associates $60M
- Series D 22 Aug 2017, led by Andreessen Horowitz $140M
- Series E 5 Feb 2019, led by Andreessen Horowitz $250M$2.75B post-money
- Series F 22 Oct 2019, led by Andreessen Horowitz $400M$6.20B post-money
- Series G 1 Feb 2021, led by Franklin Templeton $1.00B$28.00B post-money
- Series H+ 31 Aug 2021, led by Morgan Stanley $1.60B$38.00B post-money
- Series H+ 14 Sep 2023, led by T. Rowe Price Associates, Inc. $500M$43.00B post-money
- Series H+ 17 Dec 2024 $10.00B$62.00B post-money
- Debt not a venture round 22 Jan 2025, led by JPMorgan Chase $5.25B$62.00B post-money
- Growth 30 Jun 2025, led by T. Rowe Price $10.00B$55.00B post-money
- Series H+ 8 Sep 2025, led by Andreessen Horowitz, Insight Partners and MGX $1.00B$100.00B post-money
- Series H+ 16 Dec 2025, led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management $4.00B$134.00B post-money
- Growth 13 Aug 2026, led by Coatue $5.00B$190.00B post-money
Investors
Who put money in
New Enterprise Associates led the round with 1 other firm. New Enterprise Associates and Andreessen Horowitz had backed Databricks before.
Lead investor
- New Enterprise Associates existing investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
142 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $29M, and this round was 2.1 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Dec 2016 | $36M | $431M | not named |
| Tech Companies | 1 Dec 2016 | $35M | not disclosed | Princeville Global |
| Tech Companies | 21 Dec 2016 | $22M | not disclosed | Vertex Ventures and Claltech |
| Tech Companies | 9 Jan 2017 | $56M | not disclosed | CITIC Goldenstone Investment Management Co., Ltd and Founder H Fund Co. Ltd |
| Tech Companies | 30 Nov 2016 | $52M | not disclosed | Goldman Sachs Growth Equity |
| Collibra Tech Companies | 18 Jan 2017 | $50M | not disclosed | ICONIQ Capital |
| Tech Companies | 11 Jan 2017 | $50M | not disclosed | Cash Capital |
| Tech Companies | 11 Jan 2017 | $50M | not disclosed | Cash Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Databricks raise in its Series C round?
Databricks raised $60M in its Series C round, announced in Dec 2016.
Who led Databricks' Series C round?
New Enterprise Associates led it, with Andreessen Horowitz.
What was Databricks' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
142 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $29M, and this round was 2.1 times the median.
Did Databricks raise again after this round?
Yes: a Series D round in Aug 2017 of $140M.