databricks

Venture Capital Founder: AI Bubble Will ‘Pop’ but Tech Will Persist
Venture Capital Founder: AI Bubble Will ‘Pop’ but Tech Will Persist
October 15, 2023  |  Artificial Intelligence

Is the artificial intelligence (AI) bubble set to burst soon? It will likely happen in the next year, Yanev Suissa, the founder of venture capital firm SineWave...

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Databricks’ Value Could Reach $43 Billion in New Funding Round
Databricks’ Value Could Reach $43 Billion in New Funding Round
August 27, 2023  |  Data & Research

Databricks is reportedly weighing a funding round that would value it at $43 billion. The software maker is in talks with T. Rowe Price, Reuters reported Friday,...

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Cash-Strapped Tech Startups Seek Acquisitions to Stay Afloat
Cash-Strapped Tech Startups Seek Acquisitions to Stay Afloat
July 14, 2023  |  Partnerships

Cash-strapped tech startups facing a financing crunch are increasingly seeking to sell themselves to larger companies, launching a wave of takeovers of popular artificial intelligence...

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Data Management Firm Databricks to Acquire AI Startup MosaicML for $1.3 Billion
Data Management Firm Databricks to Acquire AI Startup MosaicML for $1.3 Billion
June 26, 2023  |  Partnerships

Databricks is buying generative artificial intelligence (AI) startup MosaicML in a $1.3 billion deal. The acquisition is designed to meet the rapid demand among businesses for their own version of ChatGPT,...

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Data Analytics Platform Databricks Nets $1.6B for $38B Valuation
Data Analytics Platform Databricks Nets $1.6B for $38B Valuation
August 31, 2021  |  Investments

Data analytics platform Databricks raised $1.6 billion in a funding round that valued the company at $38 billion, the artificial intelligence (AI)-based firm announced in...

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US Backers Rain Money On Savvy Startups 
US Backers Rain Money On Savvy Startups 
January 07, 2020  |  Startups

Despite headline-grabbing startup debacles, U.S. investors are still hot to bankroll up-and-coming companies like challenger bank Chime, The Financial Times (FT) reported on Tuesday (Jan....

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