Databricks, a data processing and analytics platform with a strong focus on artificial intelligence (AI) and machine learning (ML), is investing 100 million euros (US$111 million) in its European Development Center to take advantage of the European pool of talent and cutting-edge research.
The money comes from the recent round of series F funding led by venture capital firm Andreessen Horowitz, which included Microsoft and BlackRock, among other investors.
Founded just six years ago by the original creators of Apache Spark, Databricks quickly grew from a project at the University of California Berkeley to a cloud-based “unified data analytics platform.”
Why invest in an engineering center in Europe? A recent post on the company’s blog explains:
Increasingly, AI is about talent, and not just at the company level. Governments around the world are getting more active in providing incentives for local talent to stay at home and for employers to bring global talent in. So it is not surprising that Databricks is investing in the European Development Center, which it intends to grow into an engineering hub. It is also not surprising that the Netherlands government is actively supporting it. Will Amsterdam at some point compete with Silicon Valley, Toronto, Seattle, Boston, and New York? Time will tell.
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KenSci, an AI-powered provider of predictive solutions for healthcare, has been named a “cool vendor” in a Gartner report (October 2019). Earlier this year, the company was recognized by Microsoft as a finalist of their Health Partner of the Year Award and winner of the HIMSS Innovation Award.
Databricks, a data processing and analytics platform with a strong focus on AI and machine learning, recently raised $400 million in a series F funding round. This puts the company value at $6.2 billion. Databricks plans to use the money to hire more engineers to accelerate R&D.
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