Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion). Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth. The round is one of the largest venture rounds in history, and will drive future future mergers and acquisitions, […]
Databricks raises $10B as it barrels toward an IPO Read More »
Part of the mythology of Silicon Valley is the committed founder driving the company to a blockbuster IPO. In reality, startups are 16 times more likely to get acquired. It’s not an outcome that’s frequently discussed, either. “It’s one of these things that a lot of people don’t really talk about. In Silicon Valley, we
When to sell your company? Look for these signals Read More »
Analytics and AI giant Databricks reportedly paid nearly $2 billion when it acquired Tabular in June, a startup that was only doing $1 million in annual recurring revenue, according to Bloomberg. That’s a pretty outrageous exit multiple, and it was purportedly fueled by a battle between Databricks and Snowflake. Tabular had over $30 million in
Databricks reportedly paid $2 billion in Tabular acquisition Read More »
Since its launch in 2013, Databricks has relied on its ecosystem of partners, such as Fievtran, Rudderstack, and dbt, to provide tools for data preparation and loading. But now, at its annual Data + AI Summit, the company announced LakeFlow, its own data engineering solution that can handle data ingestion, transformation and orchestration and eliminates
Databricks launches LakeFlow to help its customers build their data pipelines Read More »
A year ago, Databricks acquired MosaicML for $1.3 billion. Now rebranded as Mosaic AI, the platform has become integral to Databricks’ AI solutions. Today, at the company’s Data + AI Summit, it is launching a number of new features for the service. Ahead of the announcements, I spoke to Databricks co-founders CEO Ali Ghodsi and
Databricks expands Mosaic AI to help enterprises build with LLMs Read More »
Databricks, the analytics and AI giant, has acquired data management company Tabular for an undisclosed sum. (CNBC reports that Databricks payed over $1 billion.) According to Tabular co-founder Ryan Blue, he and Tabular’s other two co-founders, Daniel Weeks and Jason Reid, will be joining Databricks in some capacity. There, they’ll work to unify Tabular’s and
Databricks acquires Tabular to build a common data lakehouse standard Read More »
