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Databricks

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DOJ Probes Andreessen Horowitz for Conflicting AI Board Seats
business8 days ago

DOJ Probes Andreessen Horowitz for Conflicting AI Board Seats

The U.S. Justice Department is examining whether venture-capital firm Andreessen Horowitz violated antitrust rules by having partners serve on the boards of two competing AI/data companies, Databricks and Fivetran. The inquiry centers on interlocking directorates and could require directors to resign from one board, even as the Databricks–Fivetran deal that the DOJ previously reviewed was cleared. Andreessen Horowitz remains a major AI investor with significant assets under management and a broad portfolio in the space.

via Yahoo Finance|
#andreessen-horowitz#business#databricks
Databricks closes $5B funding at $190B valuation to accelerate AI push
technology12 days ago

Databricks closes $5B funding at $190B valuation to accelerate AI push

Databricks closed a $5 billion funding round at a $190 billion valuation, six months after a $134 billion round, with revenue run rate above $7 billion and 80% year‑over‑year growth. The funds will accelerate enterprise AI capabilities including Lakebase, Genie, and the Unity AI Gateway, as Lakebase nears a $100 million revenue run rate and Lakehouse surpasses $1.5 billion. Led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth, the round underscores strong demand for AI agents while the company remains private and continues to delay an IPO.

via CNBC|
#ai#databricks#funding
Private markets go mainstream as Clear Street launches pre-IPO platform with Databricks
business25 days ago

Private markets go mainstream as Clear Street launches pre-IPO platform with Databricks

Clear Street launches a pre-IPO platform for accredited investors, starting with Databricks (valued at $188B) and plans to add up to 30 late-stage startups by year-end, offering private-market research led by Owen Lau and margin loans against pre-IPO stakes to increase transparency and access. The move mirrors Goldman Sachs’ expansion into private-company offerings; Clear Street paused its own IPO but remains financially strong and eyes a 2027 listing depending on market conditions.

via CNBC|
#business#clear-street#databricks
Databricks Secures Funding at $134 Billion Valuation
business8 months ago

Databricks Secures Funding at $134 Billion Valuation

Databricks has raised $4 billion in a funding round valuing the company at $134 billion, marking a 34% increase from its previous valuation, with the funds aimed at supporting AI development and customer app building. The company reported a revenue run-rate of over $4.8 billion and a 55% year-over-year growth, continuing its trend of staying private longer to capitalize on private market funding opportunities.

via CNBC|
#artificial-intelligence#business#databricks
Databricks Acquires Tabular to Enhance Data Lakehouse and AI Capabilities
businesstechnology2 years ago

Databricks Acquires Tabular to Enhance Data Lakehouse and AI Capabilities

Databricks is acquiring data optimization startup Tabular for over $1 billion, aiming to enhance its cloud data optimization capabilities and compete with Snowflake. The acquisition follows Databricks' recent funding and other strategic purchases, positioning it to grow market share despite economic challenges affecting other tech firms. Tabular, known for its work with Apache Iceberg, will help Databricks offer more cost-effective data query solutions.

via CNBC|
#acquisition#businesstechnology#data-optimization
"Databricks' $10M Investment in DBRX AI Model Falls Short Against GPT-4"
technology2 years ago

"Databricks' $10M Investment in DBRX AI Model Falls Short Against GPT-4"

Databricks spent $10 million and two months training its new generative AI model, DBRX, which is optimized for English but capable of translating into multiple languages. However, the model's hardware requirements make it difficult for non-Databricks customers to use, and it falls short of OpenAI's GPT-4 in most areas. DBRX also has limitations in accuracy and multimodal capabilities, and its training data sources and potential biases are not fully disclosed. Despite Databricks' promises to refine DBRX, it faces tough competition from other generative AI models and may be a tough sell to anyone but current or potential Databricks customers.

via TechCrunch|
#databricks#dbrx#generative-ai
AutoZone Stock: Lightning Round Buy Signals All-Time High
stock-market2 years ago

AutoZone Stock: Lightning Round Buy Signals All-Time High

CNBC's Jim Cramer recommends buying AutoZone, citing the company's strong performance, the high average age of cars on the road, and its robust buyback program. However, Cramer expresses concerns about Snowflake's competition from Databricks and suggests considering Agilent over Aehr Test Systems. He also prefers Eli Lilly over Novo Nordisk. Cramer advises cashing out of Gogo, as it is no longer a favorable stock, and expresses optimism about Dream Finders Homes' continued success.

via CNBC|
#aehr-test-systems#autozone#databricks
Databricks Acquires Data Startup Arcion for $100M in Latest Acquisition
businesstech2 years ago

Databricks Acquires Data Startup Arcion for $100M in Latest Acquisition

Databricks, the $43 billion analytics firm, has announced its acquisition of enterprise data company Arcion for approximately $100 million. The acquisition will enable Databricks to integrate Arcion's technology, making it easier for clients to add their data from software systems such as Salesforce, Workday, and Oracle. This is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup, for $1.3 billion. The company plans to use Arcion's tech as the data source for MosaicML, further enhancing its AI capabilities. Databricks is considered a top contender for an IPO and aims to build a successful and sustainable business for the long term.

via CNBC|
#acquisition#arcion#artificial-intelligence
Databricks Secures $500M Funding, Reaches $43B Valuation with Support from Nvidia, Capital One, and Snowflake
business2 years ago

Databricks Secures $500M Funding, Reaches $43B Valuation with Support from Nvidia, Capital One, and Snowflake

Data analytics software company Databricks has raised over $500 million in a funding round, valuing the company at $43 billion. The funding round saw participation from new investors Nvidia and Capital One, with Nvidia's involvement highlighting its focus on AI infrastructure startups. Databricks plans to use the funds to support its growth in the artificial intelligence sector. The company recently acquired MosaicML, a startup specializing in large language models. Databricks' ability to maintain its share price sets it apart from other software IPO candidates, such as Canva and Stripe. The company's CEO, Ali Ghodsi, stated that an IPO is still on the roadmap, but did not provide a timeline.

via CNBC|
#business#capital-one#databricks
Databricks and MosaicML Seal $1.3 Billion A.I. Deal at Data + AI Summit
businesstech3 years ago

Databricks and MosaicML Seal $1.3 Billion A.I. Deal at Data + AI Summit

Databricks, a data-analytics company valued at $38 billion, acquired MosaicML, a startup disrupting the AI sector, in a $1.3 billion deal. The CEOs of both companies, Ali Ghodsi and Naveen Rao, met at a conference and discovered their shared goals of democratizing AI and prioritizing enterprise solutions. Despite initial reluctance, Ghodsi made an offer to Rao, who saw Databricks as the only suitable partner. Negotiations ensued, with Rao's persuasive arguments leading to a stock deal and strong alignment between the two companies. The acquisition closed in June, with MosaicML now operating as a self-contained group within Databricks.

via Fortune|
#acquisition#ai#businesstech
Databricks Expands Lakehouse Capabilities and Formats for AI-driven Data Analytics
technology3 years ago

Databricks Expands Lakehouse Capabilities and Formats for AI-driven Data Analytics

Databricks is expanding its approach to data lakes by introducing Universal Format (UniForm), which allows data stored in Delta Lake to be read as if it were Apache Iceberg or Apache Hudi. This move aims to simplify the compatibility issues between Delta, Hudi, and Iceberg, and broaden Databricks' appeal in machine learning and data warehouse-type workloads. Meanwhile, Snowflake has announced updates to its Iceberg Tables, aiming to eliminate data silos and support unstructured data lake-style workloads. The battle between Databricks and Snowflake in the data lake world continues, with both companies striving to offer a unified platform for data management and analytics.

via The Register|
#data-lakes#databricks#snowflake
Snowflake and Databricks: The AI Powerhouse Collision
technology3 years ago

Snowflake and Databricks: The AI Powerhouse Collision

Databricks announces several updates to its data lakehouse platform, including LakehouseIQ, which offers natural language search and query capabilities powered by generative AI, and Lakehouse AI, which incorporates large language model (LLM) capabilities. The company also introduces Lakehouse Monitoring for performance analysis, Lakehouse Federation for querying external data sources, and Delta Universal Format (UniForm) to support interoperability with Apache Hudi and Apache Iceberg. Databricks Marketplace is now generally available, allowing users to discover and acquire datasets, data assets, and AI models. The company's acquisitions, including MosaicML and Okera, further strengthen its portfolio. The announcements coincide with Snowflake's own event, highlighting the intense competition between the two companies in the data and AI space.

via The New Stack|
#ai#data-lakehouse#databricks