"It wasn't like two months ago, but constant,"
"Companies are rediscovering how to build intelligent applications," Ghodsi said in a statement. "The combination of generative AI with new programming paradigms opens doors to completely new workloads."
Databricks secured more than $4 billion in a Series L financing round, raising its valuation to $134 billion, a 34% increase from three months earlier. The company reported $4.8 billion in annual revenue, up 55%, with over $1 billion coming from AI products. The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from Andreessen Horowitz, BlackRock, and Thrive Capital. Databricks is investing in Lakebase, acquired Neon for $1 billion, and developed Agent Bricks to build AI agents with access to customer data. The company has signed large deals with Anthropic and OpenAI and faces competition from Snowflake, Google BigQuery, and Teradata while uniting data engineering, analytics, and AI/ML on a single platform and allocating funds for global expansion.
Read at Techzine Global
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