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Roblox pre ipo stock2/1/2024 ![]() ![]() Other prominent investors include Fidelity, Microsoft, Amazon, CapitalG, Salesforce Ventures, Tiger Global, Andreessen Horowitz, Blackrock, and New Enterprise Associates. Morgan Stanley led an August 2021 funding round, injecting at least $1.5 billion. Who Owns Databricks?ĭatabricks shareholders include the founders, institutional investors (venture capital firms), and employees.ĭatabricks has raised at least $3.4 billion in private financing since its founding. Here’s a brief video explaining what the company does: The company is headquartered in San Francisco. The original creators of Apache Spark, an open-source data analytics engine for large-scale processing, founded Databricks. Notably, the world’s biggest data companies use its products and have made private investments in the company (see next section). The main takeaway is that data analytics is an extraordinary long-term trend over the decades to come, positioning Databricks to ride the wave. In terms of what this company actually does, most people aren’t going to understand. Understanding enterprise data optimizes operations and helps companies stay one step ahead of competitors. Its primary product is a web-enabled Unified Data Platform that empowers data engineers at Fortune 500 companies to import massive amounts of data from existing sources, then compile the data to provide business intelligence. The company is on a mission to simplify and democratize data and A.I., helping data teams solve the world’s toughest problems. chatbot as ChatGPT alternativeĭatabricks is a data science and artificial intelligence (A.I.) cloud and web-based software service. : Databricks acquires AI-centric governance platform Okera ![]() : Databricks Says Annual Revenue Jumped 60% to Top $1 B : Databricks Acquires MosaicML ( ARK Venture holding) : Databricks in Talks to Raise Funds at a $43 B Valuation Will there be a Databricks SPAC Acquisition?. ![]()
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