121–130 of 214 posts
It will be a nice discount acquihire for Microsoft in a few years.
Databricks on azure is huge. I've heard that in some Azure regions, over 70% of the compute usage is just Databricks. So there is definitely an incentive for MS to acquire them.
How is this company worth even 1% of that? Their product looks like basic wrappers for managing postgres instances and dashboards. Why would anyone with even minimal technical expertise pay for a generic service like that?
Earlier quoted context omitted.
I don't think there is anything out there that really bundles everything exactly like databricks does. There are better storage solutions, better compute and better AI/ML platforms, but once you start with databricks, you dig yourself a hole because the replacing it is hard because it has such a specific subset of features across multiple domains. In our multinational environment, we have a few companies that are on…
Thanks for this. Lots to look into. Maybe I wasn't super clear. Wasn't looking for a 1:1 replacement. Trying to understand what other options are out there for small teams / projects that don't need all those enterprise features that Databricks offers (governance etc).
I’ve never seen a Series K before. I wonder how their cap table looks like.
Earlier quoted context omitted.
PE ratio of 40 isn't bad is this market actually. Mature companies like Google/Meta are hovering around 30.
that is earnings (net income) not revenue (top line) so these are wildly different and incomparable numbers
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.
Do we know that they need to raise and are not sustainable? I don't think them raising is evidence of either.
How is this company worth even 1% of that? Their product looks like basic wrappers for managing postgres instances and dashboards. Why would anyone with even minimal technical expertise pay for a generic service like that?
But then they did maintenance and broke the entire feature. Reconfiguring everything from scratch didn't work. A key part where a Docker image is selected was replaced with a hard-coded value including a long system path (and employee name -- verified via LinkedIn).
Because of constant turn-over in account reps we couldn't get any help there. General support was of no use. We finally got acknowledgement of the issue when we got yet another new account rep, but all they did was push us towards paid support.
We exhaustively investigated the issue and it was clearly the case that nothing could be done on our end to resolve it. The entire underlying compute layer was busted.
Eventually they released a newer version of the feature which did work again, but at this point it has become impossible to justify the cost of the platform and we're 100% off.
Good luck to them, but from my experience the business fundamentals are misaligned and it's not a company I hope to ever work with again.