Splunk has raised $40 million so far in the funding rounds from 2014 to 2011 at a $27.4 billion valuation. Founded in 2003, the company got listed in 2019. Splunk provides a powerful way for IT, DevOps and administrators to visualise data from their infrastructure and source systems. The “data-to-everything” platform is now following the suit of Databricks, Alteryx and Snowflake. From data warehouses to providing unified analytics platforms, these companies are revolutionising the data science field. The numbers suggest the data science vendor market is on track for consolidation. Alteryx saw a quarterly revenue growth of 26% year-on-year, whereas Snowflake and Databricks grew by 119% and 75%, respectively in Q3 2020. These data science vendors have witnessed significant revenue growths in the last few years, apart from receiving large fundings and high valuations. The company is preparing for an initial public offering this year. The unified analytics platform provided by Databricks makes it stand out from others. In 2019, Databricks raised $250 million and $400 million in two funding rounds and became a leader in Gartner 2020 Magic Quadrant for Data Science and Machine Learning Platforms. ![]() Alteryx’s Analytic Process Automation Platform has wide applications from self-service analytics to democratising data.Ī few weeks ago, San Francisco- based Databricks closed a $1 billion late-stage round led by Franklin Templeton. Alteryx has seen tremendous growth over the past few years. The data science vendor has raised a total of $163 million in funding, according to Crunchbase. The exorbitant valuation reflected the market worth of cloud-based data warehouse solutions.Īlteryx went public in 2017. Snowflake had raised $479 million just ahead of its IPO. ![]() The IPO gave a much-needed second wind for the US stock market after being in the doldrums for months in the wake of the pandemic. In September last year, Snowflake raised $3.36 billion as part of its initial public offering, going down in history as one of the biggest US listings so far.
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