Increasing business customers

Databricks, which offers Spark, the world’s most popular data science framework, as-a-service in a cloud, has seen a substantial increase in business customers. This growth is reflected by a valuation that is rapidly increasing – Databricks has just announced an investment round of $400 million, which puts its valuation at $6.2 billion.

Creating new jobs in Amsterdam

With the expansion, Databricks aims to add hundreds of R&D engineer jobs in the next three years. The company from San Francisco has had an R&D office in Amsterdam since the start of an ongoing research collaboration with CWI, the Netherlands’ national research institute for mathematics and computer science, three years ago. “Databricks announcing such large investment in R&D jobs after our collaboration is great news for the Netherlands,” says Peter Boncz, senior researcher at CWI’s Database Architectures group. “It is also great news for all talented computer science students at Dutch universities.”

Closer ties between business and academia

In order to further attract talent, Databricks is growing its ties with academia. It has recently become a partner of the Amsterdam Data Science network. The research grant it provides to CWI is growing; it now funds multiple PhD positions in the institute. The company is also attractive as a future employer.

“We’ve built a strong engineering team in Amsterdam that plays an integral role in the development of our product,” said Ali Ghodsi, co-founder and CEO at Databricks, adding: “Our investments in Amsterdam over the next three years will support our mission to help data teams solve the world’s toughest problems, and continuing to build a top-notch engineering squad in Amsterdam is integral to our success.”

In data sciences, Amsterdam is becoming a force to be reckoned with

The company announced the investment during the Spark + AI Summit 2019, a data science event with more than 2000 visitors just held in Amsterdam. According to Boncz, Databricks’ expansion puts Amsterdam firmly on the map for data sciences: “Amsterdam is becoming a serious option besides Zurich and Silicon Valley.”

Find out more about the tech industry in Amsterdam and read more business news from the region.