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Databricks is raising a Series K Investment at >$100B valuation

databricks.com

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Re: Databricks is raising a Series K Investment at >$100B valuation

#51

Post by e40 »

federiconafria wrote: post #42
elAhmo wrote: post #27

Regardless of the product and idea they had, a company that is 15 years old and raised 10+ billion dollars still needing to raise money after all this time is ridiculous. Not being sustainable after all this time and billions of dollars is a sign company is just burning money, and a lot of it. wework vibes.

Even more if you are familiar with their pricing.

This! We did some simple testing on their platform to integrate it into our product for a customer. In a few days of light work rang up a huge bill. Many multiples of what we spend on OpenAI, which gets heavy use.

Re: Databricks is raising a Series K Investment at >$100B valuation

#52

Post by uxcolumbo »

Are there any cheaper alternatives to Databricks, EC2, DynamoDB, S3 solution? Where cost is more predictable and controlled?

What's a good roll your own solution? DB storage doesn't need to be dynamic like with DynamoDB. At max 1TB - maybe double in the future.

Could this be done on a mid size VPS (32GB RAM) hosting Apache Spark etc - or better to have a couple?

P.S. total beginner in this space, hence the (naive) question.

Re: Databricks is raising a Series K Investment at >$100B valuation

#53

Post by ktallett »

blerb795 wrote: post #43
ktallett wrote: post #37

Earlier quoted context omitted.

It feels like they may have got market share using low costs and this has led to this situation.

The costs of using Databricks are anything but low, though.

True, but it can still be lower than alternatives or lower than the cost to provide.

Re: Databricks is raising a Series K Investment at >$100B valuation

#54

Post by thrown-0825 »

_dark_matter_ wrote: post #32
thrown-0825 wrote: post #14

[flagged]

I'm as skeptical as anyone, but have you ever heard of companies like Oracle, which got rich off a database or Snowflake (current market cap 65B)? Companies pay oodles of money for that capabilities.

oracle succeeded because of its lobbyists and sales contacts, so much so that they spun out into another multi billion $ org

Re: Databricks is raising a Series K Investment at >$100B valuation

#56

Post by alwahi »

ed_elliott_asc wrote: post #6

I can’t help feeling it is the first major misstep from databricks , they are raising the money for their hosted Postgres and ai platform. Ai is not far away from dropping to the “trough of disillusionment” and I can’t see why databricks even needs Postgres. Hopefully I’m wrong as I’m a big fan of databricks.

i don't think that it is possible to raise a 100 billion without name dropping ai in every sentence in every meeting you have with a potential investor....

Re: Databricks is raising a Series K Investment at >$100B valuation

#59

Post by EdwardDiego »

elAhmo wrote: post #27

Regardless of the product and idea they had, a company that is 15 years old and raised 10+ billion dollars still needing to raise money after all this time is ridiculous. Not being sustainable after all this time and billions of dollars is a sign company is just burning money, and a lot of it. wework vibes.

Them and Snowflake have been in an acquisition race, gobbling up data engineering startups like Pac-Man.

That costs a fair bit of dosh.

Re: Databricks is raising a Series K Investment at >$100B valuation

#60

Post by mjaques »

uxcolumbo wrote: post #52

Are there any cheaper alternatives to Databricks, EC2, DynamoDB, S3 solution? Where cost is more predictable and controlled? What's a good roll your own solution? DB storage doesn't need to be dynamic like with DynamoDB. At max 1TB - maybe double in the future. Could this be done on a mid size VPS (32GB RAM) hosting Apache Spark etc - or better to have a couple? P.S. total beginner in this space, hence the (naive) qu…

Self host on Hetzner, it will save you time, money and troubles.
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