NEA and Andreessen Horowitz in $33m round for value-from-Big Data company Databricks


cloudsNew Enterprise Associates has taken the lead in a $33m series B funding round for Apache Spark-founded Databricks, while fellow venture capital firm Andreessen Horowitz also laid down capital.

The company will use the funds to promote its new Databricks Cloud product, a cloud platform built around Apache Spark’s systems with “blazingly fast and sophisticated analytics”.

Databricks was founded by the creators of open-source processing engine Apache Spark in 2013 with a mission to build the best computing platform for extracting value from data.

Andreessen Horowitz recently backed a $90m investment in systems and security company Tanium in its second largest investment to date.

Copyright © 2014 AltAssets