Funding frenzy from AWS, Microsoft, Google, Salesforce pumps ex-Hadoop wrangler Databricks' value to $28bn

Databricks, the company behind open-source big data tool Apache Spark, has sucked up a $1bn investment round courtesy of AWS, Microsoft, Google, and more. The Series G funding, led by newcomer Franklin Templeton Investments, puts the 2013-founded company at a $28bn valuation, more than four times its previous $6.2bn valuation …

[Anonymous Coward]

>Given its $28bn valuation, investors seem to think of it as a potential winner. By way of comparison, another data platform contender from the era of Hadoop hype, Cloudera, currently sports a market capitalisation of around $5.06bn at the time of writing, just over a fifth of Databricks' apparent value

Those particularly keen on techno-archaeology would probably smile to know that there will be more than a few teeth gnashed on this particular topic, because waay back in the day around the back end of 2011 Matei actually interned at Cloudera while a grad student and worked on the earliest cuts of Spark. Filled with West Coast Egalitarian Zeal the then-naively young Cloudera even opted to pitch in and help Databricks get established with some incubation help.

Because after all, Spark and Hadoop don't compete in the same space, right?

[seldom]

hedgefunds

I bet they are shorting this