Databricks Expands AI Strategy with $1B Investment
Funds to accelerate AI strategy via expanding Agent Bricks and launching Lakebase.
Ali Ghodsi said, 'Our teams are building data and AI infrastructure for decades.'. Databricks reported $4B revenue run-rate (50% YoY growth), Artificial Intelligence products over $1B run-rate, net retention >140%, and 650+ customers over $1M annual run-rate.
Funds for AI acquisitions, research, and expanding offices to attract AI talent.
Open-source platform used by 20,000+ organizations, including Block, Comcast, Condé Nast, Rivian, Shell, and 60% of Fortune 500.
1 week ago