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Databricks, Inc. is a global data, analytics, and artificial intelligence (AI) company, founded in 2013 by the original creators of Apache Spark. [ 1 ] [ 4 ] The company provides a cloud-based platform to help enterprises build, scale, and govern data and AI, including generative AI and other machine learning models.
But instead of going public, Databricks last year raised a huge funding round at a whopping $62 billion valuation while allowing employees to ... The company, which has raised $2.65 billion to ...
In the quarter that ends on Jan. 31, 2025, Databricks says that it expects to be cash flow positive and cross $3 billion in revenue run-rate, a metric that projects a company’s future revenue.
Clarivate Analytics, a global company that owns and operates a collection of subscription-based services focused largely on analytics; Cloudera, an American-based software company that provides Apache Hadoop-based software, support and services, and training to business customers; Compuverde, an IT company with a focus on big data storage
In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintained by The Wall Street Journal , [ 1 ] Fortune Magazine , [ 2 ] CNNMoney / CB Insights , [ 3 ] [ 4 ] TechCrunch , [ 5 ] PitchBook/Morningstar, [ 6 ] and Tech in Asia .
The company is being closely watched as one of the year’s top IPO prospects. And, as Fortune can report exclusively, Databricks is acquiring Einblick, an AI-focused data platform. It’s the ...
In 2013, along with Matei Zaharia and other key Spark contributors, Xin co-founded Databricks, a venture-backed company based in San Francisco that offers data platform as a service, based on Spark. In 2014, Xin led a team of engineers from Databricks to compete in the Sort Benchmark and won the 2014 world record in Daytona GraySort using Spark ...
Patrick Wendell is cofounder and VP of engineering at data and AI company Databricks, which released Meta’s Llama 3.1 models on its platform in July. He sees Meta’s move as much more far-reaching.