databricks - Tech News from Simmons Systems

Tech News from Simmons Systems

databricks

A collection of 26 posts

DOJ Antitrust Probe of Andreessen Horowitz Puts VC Board Conflicts Under Scrutiny

Andreessen Horowitz faces a Department of Justice investigation over board arrangements that place two of its partners on the boards of competing companies. Ben Horowitz sits on the board of Databricks while Martin Casado holds a seat at Fivetran, and the DOJ has reportedly been examining the setup for nearly

Databricks Raises $5 Billion at $190 Billion Valuation as Investor Demand Surges

Databricks closes a massive $5 billion funding round, pushing its valuation to $190 billion, after a fundraising process that spirals far beyond what the company intends. CEO Ali Ghodsi tells TechCrunch that the company only wants to raise $1 billion, but a June article from The Information about a potential

Databricks Soars to $188 Billion Valuation in Latest AI-Fueled Funding Round

Databricks announces a new funding round led by Coatue that values the company at a staggering $188 billion, marking yet another milestone in its remarkable fundraising journey. While the exact amount remains undisclosed and the round does not close until later this summer, reports indicate the raise totals roughly $3

artificial intelligence

AI Transforms Marketing and CX as Brands Rethink Technology Strategies

Artificial intelligence continues to reshape marketing and customer experience landscapes, prompting major platform updates and strategic shifts. Industry leaders emphasize that technology success depends on asking the right questions rather than simply deploying new tools.

Databricks Buys MosaicML for $1.3 Billion to Build Enterprise AI Co-Pilots

Databricks acquires MosaicML to help businesses build affordable, customized ChatGPT-like tools using their own proprietary data. This deal highlights the growing enterprise demand for secure, department-specific AI co-pilots.

Databricks Acquires MosaicML for $1.3 Billion to Expand AI Capabilities

Data management giant Databricks purchases generative AI startup MosaicML to help organizations build custom AI tools using their own proprietary data.

unconventional ai

Unconventional AI Raises $475M Seed to Build Biology-Efficient Computers

Former Databricks AI head Naveen Rao secures $475 million in seed funding for Unconventional AI, a startup developing energy-efficient AI computers. The round is led by Andreessen Horowitz and Lightspeed Ventures at a $4.5 billion valuation.

AI Startup Funding Hits $110 Billion as Overall Tech Investment Drops

AI startups rake in a record $110 billion in 2024, marking a 62 percent surge, while broader tech funding falls 12 percent to $227 billion.

AI Funding Hits $110 Billion as Overall Startup Investments Decline

AI startup investments surge 62 percent to reach $110 billion in 2024, while broader tech funding drops 12 percent. Dealroom data highlights this unprecedented investment wave as the largest ever by absolute value.

Databricks Closes $10B Equity Round and $5.25B Debt Deal

Databricks officially closes a massive $10 billion Series J funding round led by Thrive Capital and adds $5.25 billion in new debt financing. The investments feature participation from major tech and financial players like Meta Platforms and JPMorgan Chase.

Databricks and OpenAI Lead Record-Breaking AI Funding Rounds in 2024

Artificial intelligence dominates the venture capital landscape as companies require over a billion dollars just to make the list of largest funding rounds. Databricks and OpenAI secure the top two spots with massive multi-billion-dollar valuations.

Databricks and OpenAI Lead Billion-Dollar AI Funding Rounds in 2024

Artificial intelligence dominates the venture capital landscape as top startups secure massive funding rounds. Databricks and OpenAI lead the pack with multi-billion-dollar raises that push their valuations to historic highs.

2024 Sees Record-Breaking Billion-Dollar AI Startup Funding Rounds

Artificial intelligence startups dominate the venture capital landscape in 2024 by securing massive financial rounds. Databricks and OpenAI lead the pack with historic multi-billion-dollar raises.

Databricks Acquires AI Startup MosaicML for $1.3 Billion

Databricks pays $1.3 billion to acquire MosaicML, a startup that helps organizations build and train their own open-source large language models. The deal highlights the massive demand for generative AI technology and talent in the current market.

Databricks Unveils Dolly as First Open Commercially Viable Instruction-Tuned LLM

Databricks introduces Dolly, a groundbreaking open-source large language model that offers commercial viability through specialized instruction tuning.