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
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Databricks announced a $500 million funding round this morning, signaling it was putting more cash to work in the growing AI market.
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
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.
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Snowflake and Databricks are on similar tracks, and both announced tools to help customers put stored data stored to work in AI apps.
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
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
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 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
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
Recent valuation trims and planned staff cuts at Stripe and Databricks represent strength.
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
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, 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
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.
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?
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