SOURCE: Databricks

June 21, 2016 09:00 ET

Databricks Secures Strategic Investment From In-Q-Tel to Deliver Cloud-Based Apache Spark Platform

Partnership Will Empower the U.S. Intelligence Community to Perform Critical Missions Using Apache Spark

SAN FRANCISCO, CA--(Marketwired - Jun 21, 2016) - Databricks, the company behind Apache Spark, today announced a strategic partnership agreement with and investment from In-Q-Tel, Inc. (IQT). IQT is the investment organization that identifies innovative technologies to support the mission of the U.S. Intelligence Community. Through this strategic partnership, Databricks will extend Apache Spark's position as the leading processing engine built for speed, ease of use, and sophisticated analytics by delivering a cloud-based Spark platform that supports the operational requirements of the U.S. Intelligence Community.

Databricks is focused on the singular mission of making big data simple. The Databricks platform is a fully managed development and production system for advanced analytics powered by Spark. It empowers individuals and organizations to seamlessly transition from data ingest through exploration to production. Enterprises utilize Databricks to achieve a wide variety of objectives, including integrating disparate data silos, synthesizing actionable insights in real-time, and deploying advanced analytics solutions.

"Enterprises today know there is untapped value in their data, especially within the intelligence community, but selecting the tools to unlock that value is often a complex process. Databricks, powered by Apache Spark, is built for developers, data scientists, data engineers and other IT professionals to get up and running very quickly via one end-to-end platform," said Ion Stoica, Executive Chairman at Databricks. "This investment by IQT further validates Databricks' mission and reflects the need for big data simplicity and accessibility that we're seeing among several industries, including federal."

"A partnership with Databricks continues IQT's tradition of working with world-class analytics companies," said Dan Gwak, Partner, IQT Investments. "We are proud to partner with Databricks to advance the intelligence mission."

About In-Q-Tel
In-Q-Tel is the not-for-profit, strategic investor that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. For more information, visit http://www.iqt.org.

About Databricks
Databricks' vision is to empower anyone to easily build and deploy advanced analytics solutions. The company was founded by the team who created Apache® Spark™, a powerful open source data processing engine built for sophisticated analytics, ease of use, and speed. Databricks is the largest contributor to the open source Apache Spark project providing 10x more code than any other company. The company has also trained over 20,000 users on Apache Spark, and has the largest number of customers deploying Spark to date. Databricks provides a just-in-time data platform, to simplify data integration, real-time experimentation, and robust deployment of production applications. Databricks is venture-backed by Andreessen Horowitz and NEA. For more information, contact info@databricks.com.

© Databricks 2016. All rights reserved. Apache, Apache Spark and Spark are trademarks of the Apache Software Foundation.

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