Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories and themes from the week. As the week comes to a close, we’re also shutting the book on the trial … Read more
This morning, knowledge and AI large Databricks stated it had raised a brand new $500 million funding spherical from enterprise capitalists, crossover capital funds, and strategic buyers. The brand new money values Databricks at $43 billion, a fabric step-up from its final non-public valuation set in 2021, when the corporate was value $38 billion. The … Read more
Databricks not too long ago revealed that it recorded income of greater than $1 billion within the monetary 12 months ended January 31. The corporate additionally stated it grew greater than 60% final 12 months and its knowledge warehousing product crossed the $100 million annual recurring income (ARR) threshold in April. Databricks has all the … Read more