Databricks

After $43B valuation, Databricks acquires data replication startup Arcion for $100M

Databricks has remained a hot startup at a time when interest from investors has cooled across the ecosystem. Just last month the company raised $500 million at an eye-popping $43 billion valuation. T

We’ll probably retire before Databricks IPOs

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As Databricks stacks more capital, a competitive AI market heats up

Databricks announced a $500 million funding round this morning, signaling it was putting more cash to work in the growing AI market.

Databricks raises $500M more, boosting valuation to $43B despite late-stage gloom

Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. This round sticks out, particularly as many late-stage sta

Everyone’s talking about tech IPOs again

After going on about tech IPOs and the ongoing drought for so long, I would like a change in theme, one driven by SEC filings and data.

Is ChatGPT the iBeer of LLM’s?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show where we niche down to a single top

Well done, Pismo and Visa! You gave SoftBank a win

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Snowflake and Databricks are putting the data stored in their services to work

Snowflake and Databricks are on similar tracks, and both announced tools to help customers put stored data stored to work in AI apps.

Databricks builds a data mesh with the launch of Lakehouse Federation

Databricks today launched what it calls its Lakehouse Federation feature at its Data + AI Summit. Using this new capability, enterprises can bring together their various siloed data systems and discov

Databricks picks up MosaicML, an OpenAI competitor, for $1.3B

Investors aren’t the only ones who want to get their hands on hot tech companies in the field of AI: It’s also likely to spur a big wave of M&A, too. Today, Databricks announced it wil

Databricks is proof that strong unicorns can grow their way out of a market correction

A little more growth and help from rising multiples and Databricks could go public safely, especially if it targets a $31 billion market cap.

Databricks acquires AI-centric data governance platform Okera

Databricks today announced that it has acquired Okera, a data governance platform with a focus on AI. The two companies did not disclose the purchase price. According to Crunchbase, Okera previously r

Databricks open sources a model like ChatGPT, flaws and all

The march toward an open source ChatGPT-like AI continues. Today, Databricks released Dolly 2.0, a text-generating AI model that can power apps like chatbots, text summarizers and basic search engines

Forget flat — small cuts are the new up

Recent valuation trims and planned staff cuts at Stripe and Databricks represent strength.

Dig scoops up $34M to tackle the fragmented world of cloud data security

In 2022, the amount of corporate data stored in the cloud (versus on-premise servers) reached 60%, a signal of how the world of enterprise IT is evolving. But lest you think that cloud=modern=more eff

Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus, the popular open source ve

Cloudera launches its all-in-one SaaS data lakehouse

Cloudera, the Hadoop-centric big data company that IPO’d in 2017 and then went private again in a $5.3 billion deal in 2021, is now putting its emphasis on becoming the unified data fabric for h

As other startups slash spending and hoard cash, Databricks hits accelerator

We sat down with CEO Ali Ghodsi to discuss Databricks’ remarkable ability to run counter to the general malaise of the SaaS market this year.

Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate

With $1 billion or more worth of annualized revenue, what can we learn about Databricks' growth rate, and how well does its valuation slot into current market pricing?

Tecton raises $100M, proving that the MLOps market is still hot

Machine learning can provide companies with a competitive advantage by using the data they’re collecting — for example, purchasing patterns — to generate predictions that power reven
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