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
Databricks launches Project Lightspeed, its next-gen Spark streaming engine
At its Data + AI Summit, Databricks today made the requisite number of announcements one would expect from a company’s flagship developer event. Among those are the launch of Delta Lake 2.0, the
AI Squared raises $6M to help companies integrate AI into existing applications
AI Squared integrates AI it into existing applications in a timely and straightforward manner.
Starburst acquires data lake analytics accelerator Varada to challenge Snowflake
Starburst, the well-funded data warehouse analytics service and data query engine based on the open source Trino project, today announced that it has acquired Varada, a Tel Aviv-based startup that foc
This is the beginning of the unbundled database era
The enterprise wants to store everything they can in the hopes of being able to deliver improved customer experiences and new market capabilities.
Rerethinking Databricks’ valuation in a more conservative startup market
To understand how much the late-stage market has changed in the last few months, we're once again pulling public market data that we will contrast against mega-unicorn Databricks' known results.
Baseten nabs $20M to make it easier to build machine learning-based applications
As the tech world inches a closer to the idea of artificial general intelligence, we’re seeing another interesting theme emerging in the ongoing democratization of AI: a wave of startups buildin
Daily Crunch: Since December 2021, Better.com has laid off nearly half of its workforce
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Rethinking Databricks’ valuation amid a changing market
How much will the changing valuation of software companies impact the biggest private unicorns? Also, why hasn't Databricks gone public yet? The answer to the former might be the answer to the latter.
Google, Databricks, Fivetran, Redis and others launch the Data Cloud Alliance
There’s a new alliance in town: the Data Cloud Alliance. Founded by Google Cloud, Accenture, Confluent, Databricks, Dataiku, Deloitte, Elastic, Fivetran, MongoDB, Neo4j, Redis and Starburst, the
Antimatter raises $12M Series A to help SaaS companies keep their customer data secure
With SaaS becoming the standard for most business software, the security demands on SaaS companies are constantly increasing. Add users who need their data sandboxed from others or kept in a specific
The product-led growth playbook
While nothing is inherently wrong with building deep product moats, it is more prudent to focus on things where you can be at least 10x better than everyone else.