Databricks could be valued at $38 billion after a $1.5 billion funding round
Databricks is raising at least $1.5 billion in new funding round on a valuation of $38 billion, despite reports earlier that it was planning an IPO this year.
Morgan Stanely will lead the round, according to a Bloomberg report that cited three people familiar with the plan. The report also added... Read more
Databricks releases data sharing, catalog, and automated pipelines
Databricks’ annual conference changed names from “Spark Summit” to “Spark + AI Summit” and finally to “Data + AI Summit”, mirroring the company’s transition from the ‘Spark company’ to the ‘AI on Spark company’ and finally to what’s essentially a ‘Delta Lakehouse’ comp... Read more
Databricks enters partnership with Google Cloud
Databricks has announced that the company has partnered with Google Cloud. This should contribute to the scalability and allows Databricks to be deployed in a containerised cloud environment.
To work with Google Cloud, Databricks has added strong integration with Google BigQuery to its platform.... Read more
Databricks moves forward with IPO plans for 2021
The company will push for a large offering in order to compete with Snowflake and Google.
San Francisco-based Databricks is planning a massive IPO for 2021, according to the company's CEO, Ali Ghodsi. He explained the latest news on the public offering in a recent interview.
As we reported la... Read more
Databricks launches SQL Analytics
Databricks (the AI and data analytics company) announced that it was launching the SQL Analytics service to make it easy for data analysts to perform standard SQL queries directly on data lakes.
With this new capability, an enterprise will now connect their BI (Business Intelligence) tools like ... Read more
Rumour: Databricks going public next year
Data-analysis company Databricks appears to be planning to make its stock market debut next year. This is according to anonymous sources.
According to the anonymous sources, that have spoken to Bloomberg, the discussions are still at an early stage. The company is said to have already spoken to ... Read more
Will Databricks lakehouses change the AI and data world?
Databricks is convinced that the lakehouse will help them kick-start a new industry trend. After data warehouses advanced the business intelligence (BI) world and data lakes simplified data science, the next step should be a data pool to support all kinds of applications. Are we entering a new era,... Read more
Databricks Ingest platform simplifies data management for analytics
Databricks has announced a new Ingest platform to simplify data management for business intelligence (BI) and machine learning applications.
The provider of data science software describes its approach as a data lakehouse, referring to the unification of data lakes and data warehouses. In this w... Read more
Databricks sees open-source as the way to innovate in data science
Within the data science world, a number of young companies are on the rise. Databricks is an example of this. By making open-source leadingfor its software, the company has gained a foothold in a relatively short period of time. We recently visited the company's Spark + AI Summit, where we spoke wi... Read more
Databricks and Tableau collaborate on business intelligence
Databricks and Tableau want to create better data access
for data teams within companies, no matter where the information is located. To
this end, the two companies are going to work together and are launching an
entirely new solution.
Data lakes are often the largest source of data within
orga... Read more