Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models ...

Databricks sales growth tops 80%, but margin are shrinking from swarm of AI agents

Databricks is seeing higher growth as AI agents assist with data analysis, but all that activity is significantly increasing costs.

Databricks expands Microsoft Azure partnership, to use more custom chips

July 23 (Reuters) - Databricks said on Thursday it would expand its partnership with Microsoft through the 2030s, a deal under which it will increase its use of the Azure platform and Microsoft's ...

Databricks secures funding round at $188 billion valuation

July 16 (Reuters) - Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data ...
TMCnet

Databricks and Microsoft expand partnership to help enterprises bring business context to enterprise AI

Databricks and Microsoft extend strategic partnership through the 2030s to scale enterprise AI Databricks deepens its bet on Azure, growing its use of Azure Databricks to run its own core business ...

Databricks CEO Says He’s Cracked A 40-Year-Old Database Problem With LTAP

At Data + AI Summit, Databricks CEO Ali Ghodsi unveiled LTAP, a new architecture that collapses the 40-year unification problem of OLTP and OLAP databases.
CRN

Databricks Raises $500M In Series I Funding Round, Boosts Valuation To $43 Billion

Chip designer Nvidia joins the list of Databricks investors, evidence of the strategic AI technology development alliance between the two companies. Databricks has raised $500 million in a Series I ...

Databricks Is Now Worth $188 Billion. Its Next Move Could Reshape Enterprise AI

The Coatue-led round gives co-founder Ali Ghodsi more money for AI products and acquisitions—and more freedom to remain ...
CRN

Databricks Raises $10B In Latest Funding Round, Reports $3B Revenue Run Rate

The company will use the new financing to fuel its rapid growth through accelerated product development, international expansion and potential acquisitions. Data and AI platform developer Databricks ...

Databricks CEO said they are ’running out of GPUs everywhere’

"We are running out of GPUs," Ghodsi said on CNBC, framing the GPU shortage not as a near-term planning challenge but as an operational constraint pressing hard on the business right now. Surging ...

Databricks and Microsoft expand Azure partnership into the 2030s

Databricks Inc. and Microsoft Corp. today said they’re extending their strategic partnership into the 2030s as the companies seek business from enterprises building artificial intelligence ...
Morningstar

Databricks’ 40% Valuation Bump Looks ‘Almost Quaint’ Next to Anthropic

When Databricks closes its new funding round, its $188 billion valuation will be a 40% bump over when it last raised capital in February. And that’s restrained compared with its AI industry peers.