Apache Spark’s Latest Funding Round Concludes With $60 Million Investment
Apache Spark has completed another funding round with investors contributing a total of $60 million. So far, the company has raised $107.5 million.
Apache Spark stated that the cash infusion will be allocated for the acceleration of investments in a commercial product based on Apache Spark engine. With the new investment, the company will be able to expand product development and customer support along with sales and marketing.
New Enterprises Associates led the Series C funding round, according to Databricks. Existing investor Andreeson Horowitz also joined the funding.
"This funding will advance our engineering and go-to-market strategies to address all of our customer's pain points as we continue to grow the Spark community," stated Databricks CEO and co-founder, Ali Ghodsi
A user survey released by the company in September revealed that the Spark user community has more than tripled over the past year, with its members growing to 225,000. The survey reflected the company's steady momentum.
"The results indicate that Spark has moved well beyond the early-adopter phase at high-tech companies and is now mainstream in large data-driven enterprises," the startup asserted.
The survey also showed that deployment of Spark components such as DataFrames, which was introduced in February 2015, has more than doubled over the last year. The production deployments was reported to have risen to 38% within the same period.
According to analysts, the result of the survey reflects that Spark's simplicity and flexibility is its main strength among developers.
With the company attracting more investors, and investors betting on the ease of use despite increasing sizes of data, NEA general partner Pete Sonsini is positive on the future of the company.
"In 2016, we witnessed an acceleration in data processing workloads moving to the cloud. Databricks is well-positioned to further drive this revolution," he said.