Lane Gordon’s Post

Pretty amazing growth by Databricks in the past year and more. An interesting read to see how some Silicon Valley companies can resist the race to IPO but rather focus on ongoing growth through leveraging its technology and investments to enable AI for its customers. #dataanalytics #databricks #AI

Databricks, a global leader in data analytics and AI, is reportedly raising up to $8 billion, valuing the company at $55 billion. Led by Ali Ghodsi, the funding will provide liquidity for employees and solidify Databricks' position as a major player in AI, following its $1.3B MosaicML acquisition earlier this year. With projected annualized revenue of $2.4B by mid-2024, the company continues to focus on long-term growth, potentially delaying its IPO to late 2024. Backed by investors like NVIDIA, Andreessen Horowitz, and Tiger Global Management, this highlights AI's booming market momentum. https://lnkd.in/eSE2tjK8 #AI #FundingNews #Databricks #Innovation #ArtificialIntelligence

Exciting news from Databricks! Our commitment to innovation and strategic investments have led to a robust path forward, actively shaping the future of Data and AI. Our financial stats speak for themselves: $1.6 billion in revenue for our fiscal year and a 50% leap from the previous period. Plus, Databricks SQL has topped $250 million in annual run-rate. Read more in this Wall Street Journal article. #databricks #data #ai

Databricks' Massive $500M Funding Round Sparks Industry Waves! 🌊🔥 The data analytics world is buzzing with excitement as Databricks , the leading unified analytics platform, secures a staggering $500 million in funding. This latest investment values the company at a whopping $43 billion, cementing its position as a dominant force in the industry. Want to know more about what this means for Databricks, their customers, and the future of data analytics? Dive into the full story written by Bale Sravani on WorldStartupNews: (Link in comments) #Databricks #funding #dataanalytics #technews #innovation #startup #venturecapital #AI #machinelearning

#GenAI is driving demand for data, but you need all of your data in a #lakehouse in order to truly derive value from AI. Exciting times here at Databricks 🚀

Good quote that talks about Databricks' M&A evaluation criteria: "Alignment with our cultural principles … is the most important element of any acquisition, and obviously they need to meet Databricks' high talent bar," Chris Hecht said. "We then evaluate whether the acquisition can either accelerate our product vision or allow us to expand into a high-priority market area." "For AI in particular, we focus on whether the acquisition would allow us to provide customers with more complete, end-to-end generative AI capabilities that harness the power of their own enterprise data." https://lnkd.in/gDDMvXUu

Databricks is a generational company. It recently repositioned itself as the Data Intelligence Platform, infusing generative AI into the Lakehouse Platform. Many of today's leading enterprises use Databricks to power their data and AI workloads. Revenues grew from $1M in 2015 to $1.6B in 2023, making it one of the fastest-growing companies in history — and it expects to continue growing at over 50% over the next two years. This deep dive blends analytical rigor and feature writing covering Databricks' history, product suite, market opportunity, public company comparables, and why it is a generational company. Thanks to Tegus, this report includes insights from conversations with Databricks' customers and ex-employees. https://lnkd.in/gmpmawVK

🚀 Exciting times for Databricks! 🚀 I just read an insightful article by Tomasz Tunguz on Databricks' impressive growth trajectory in 2024. It's clear that the company continues to innovate and lead in the data and AI space. For those interested in understanding the key drivers behind Databricks' success and the future of data-driven enterprises, this article is a must-read. Check it out here: https://lnkd.in/eZBuxew2 #Databricks #DataScience #AI #TechGrowth #Innovation #BigData

Let's chat! I'll be at both HIMSS and Gartner next week in sunny Orlando! 🌴 If you're in the area, let's connect and dive into how Data, AI, & GenAI can supercharge your business! 💡 #Innovation #Networking #OrlandoBound #BusinessValue "Every CEO, every CIO, wants to have generative AI as part of their strategy.” Databricks CEO Ali Ghodsi spoke with The Wall Street Journal on the rapid democratization of data and AI in enterprise organizations👇

SuperAnnotate has joined Databricks #PartnerConnect! This makes building custom #AI models faster, smarter, and easier than ever. 🚀 What’s in it for you? ✅ Transform raw data into high-quality training datasets effortlessly. ✅ Seamlessly integrate Databricks Lakehouse with SuperAnnotate in just a few clicks. ✅ Build smarter models with automated workflows and human-in-the-loop reviews. Our joint customers—like Fox Sports, GumGum, and Twelve Labs—are already achieving incredible results, cutting project timelines in half and deploying smarter, faster models. And BTW: Databricks Ventures also participated in SuperAnnotate’s 🤑 Series B funding 💰, reinforcing our commitment to driving innovation and helping businesses bring AI solutions to market faster. Learn more here: https://lnkd.in/gBCWhP3F Vahan Petrosyan Adam R. Smith