Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The funding values the data and artificial intelligence (AI) company at $62 billion, Databricks said in a Tuesday (Dec. 17) press release....
The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. As just one data point, ThredUp, a quiet powerhouse in the space, has processed over 220 million secondhand clothing items to date. Behind...
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still go up before the round is finalized next week, Reuters reported Friday (Dec. 13), citing unnamed...
Enigma and Databricks are collaborating to deliver data on small- to medium-sized business (SMB) financial health signals to customers. With this data, customers can access financial health intelligence about more than 33 million businesses, based on a panel of more than 40% of U.S. card transactions,...
December 16, 2024
The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. As just one data point, ThredUp, a quiet powerhouse in the space, has processed over 220 million secondhand clothing items to date. Behind the digital racks of its 4-million-item inventory lies a sophisticated […]
February 22, 2024
For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in the ground, claiming 50% of...
December 17, 2024
Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The funding values the data and artificial intelligence (AI) company at $62 billion, Databricks said in a Tuesday (Dec. 17) press release. The round is “substantially oversubscribed,” Databricks Co-founder and CEO Ali […]
December 13, 2024
Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still...
November 18, 2024
Enigma and Databricks are collaborating to deliver data on small- to medium-sized business (SMB) financial health signals to customers. With this data, customers can access financial health intelligence about more than...
November 14, 2024
Thrive Capital is reportedly in discussions to invest $1 billion in analytics software maker Databricks. This deal would value the company around $55 billion, Bloomberg News reported Thursday (Nov. 14), citing sources familiar with...
