Exceptional fund-raising for a fast-growing company
Renowned investors such as Thrive Capital, Andreessen Horowitz and Insight Partners participated in the deal, underlining the confidence placed in the company, present in the Vintage Altaroc Odyssey 2021.
The aim of this fund-raising? To strengthen its position against AI giants such as OpenAI. Ali Ghodsi, the company's CEO and co-founder, refers to the war for AI talent as a major challenge, and explains that this funding will enable Databricks to retain its best people.
The company expects annual revenues to reach $3 billion, with positive free cash flow by the end of January. These results have enabled Databricks to increase its valuation from $43 billion to $62 billion.
A promising future
With this funding and continued growth, Databricks is well positioned to remain a leader in AI innovation. Ali Ghodsi, said that while an IPO is an option, the company now has the flexibility to focus on its long-term growth strategy.
This round of funding illustrates the market's confidence in Databricks, which, with its expertise in data analysis and AI, is set to continue transforming these sectors. If the company remains focused on its innovation, it could well redefine the artificial intelligence landscape on a global scale.
