Databricks unprecedented trajectory underpins the recent $17,142,000 membership-interest offering in its Series completed by Buttonwood Group Advisors LLC, for which Joseph Gunnar & Co., LLC served as exclusive placement agent, as the company signs a Series K term sheet valuing it at more than $100 billion to accelerate AI products such as Agent Bricks and Lakebase amid explosive growth that includes surpassing a $4 billion revenue run-rate with AI products contributing over $1 billion, expanding multi-year partnerships with Microsoft and Google Cloud that embed Azure Databricks and Gemini models into its ecosystem, and navigating risks tied to cloud-provider dependencies, regulatory and privacy requirements, and intensifying competition across the enterprise AI landscape.
To view the full press release, visit https://ibn.fm/4DmFH
About Databricks
Databricks is the Data and AI company. More than 20,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark
, Delta Lake, MLflow, and Unity Catalog.
For more information on the company, please visit: https://www.databricks.com//
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.TechMediaWire.com
Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer
TechMediaWire
Austin, Texas
www.TechMediaWire.com
512.354.7000 Office
Editor@TechMediaWire.com
TechMediaWire is powered by IBN