Databricks has today announced the appointment of Dave Conte as chief financial officer, effective immediately.
In his role, Conte will report directly to co-founder and chief executive officer Ali Ghodsi and lead all of the financial and operational functions at the company. He brings extensive experience, most recently from Splunk and Opsware after starting his career at Ernst & Young.
“We’re honored to have Dave join the leadership team. His experience leading and scaling global financial and operational functions at high-growth enterprise software companies is impressive,” Ghodsi said. “Dave brings a breadth of knowledge and proven track record to support our continued growth.”
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Experience
Conte has 30 years of finance and administration experience in multi-national public and private companies within the technology industry. He was Splunk’s CFO for the last eight years, where he took the company public and helped it grow from $100 million in annual revenue to more than $2 billion annually as the market leader in operational intelligence and security information management.
Prior to Splunk, he was the CFO at Opsware, an IT automation software company that was acquired by HP for $1.65 billion. Conte has also served as a member of the board of directors at Anaplan since 2016.
“I’m honoured to join such a high caliber team that has driven really impressive growth,” said Conte. “Enterprises continue to seek solutions that enable data-driven decision making and Databricks is well positioned to support organisations in their data journey. I look forward to adding my experience to the team and contributing to the company’s continued growth.”
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IA analysis
This appointment is significant. Conte has a wealth of experience as CFO and will help Databricks in its next phase of growth in the UK and Europe, following its $400 million Series F Investment and $6.2 billion valuation.
The new investment will allow the company to scale R&D and continue its rapid global expansion. Specifically, Databricks will:
• Invest 100 million Euros in its recently-announced European Development Centre in Amsterdam over the next three years; this engineering hub has already grown 3x over the past two years.
• Build dedicated engineering teams to advance the popular open source technologies it invented recently for data management and machine learning: Delta Lake, MLflow, and Koalas.
• Fuel its rapid and accelerating global growth, which includes expansion in Europe, Middle East and Africa; Asia Pacific; and Latin America.
Conte’s role as CFO will see him heavily involved with these growth plans.
