Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

databricks.com

Post reply on HN
Print view View original

191–200 of 214 posts

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

#191

Post by teleforce »

benrutter wrote: post #26
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.

Definitely seem like bad investments from my perspective on databricks. Databricks is great at offering a "distributed spark/kubernetes in a box" platform. But its AI integration is one of the least helpful I've experienced. It's very interuptive to a workflow, and very rarely offers genuinely useful help. Most users I've seen turn it off, something databricks must be aware of because they require admins permission f…

>Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI.

This is a very worrying trend of having AI enabled by default that you cannot turn it off unless you're the admin.

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

#192

Post by groaninvasion »

burnerzzzzz wrote: post #134

My company is heavily invested in Databricks and let me tell you it sucks. 5 min to spin up a job that needs to run for 10 seconds is a terrible way to spend ones time and money.

use serverless then. its literally the simplest solution. what sort of poor decisions your team is making? it needs to run 10 seconds but still spinning up a cluster?

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

#193

Post by groaninvasion »

namenotrequired wrote: post #20

Why Databricks would do this (rather than IPO) is obvious. When you can raise privately, it’s way easier than IPO. The real question to me is why the investors (new and previous) are going along with it?

if thrive and andreeseen who are both very old investors are leading the round, clearly they are doubling down on it

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

#194

Post by groaninvasion »

bix6 wrote: post #105

$2-3B in 2024 revenue based on estimates I can find. That’s a 33-50x revenue multiple lol. Also announcing the signed term sheet but not the close so this is a PR push to find more investors?

its 3.7 billion as of now as a google search will tell you

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

#195

Post by groaninvasion »

djrj477dhsnv wrote: post #92

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?

what screen are you even looking at when you log on to databricks? does your admin not provide you any access?

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

#196

Post by groaninvasion »

hintymad wrote: post #163

Just curious, wouldn't it get harder for companies like Databricks or Clickhouse to compete against AWS in the long run? They have better products, for sure. Yet over time, the product gap between what they offer and what AWS offers will narrow, and as a result the cost will be what matters most to the customers. And how can they compete on cost given that they run on AWS?

AWS is always going to be a lego bricks - choose your own adventure or assemble your own stuff option for people who want to struggle with IAM policies. plus AWS VPs compete against each other, so there is no concept of the best opinionated way of doing things. just a bunch of random options with tradeoffs. might attract some nerds. nobody else

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

#197

Post by groaninvasion »

djrj477dhsnv wrote: post #103
benrutter wrote: post #29

Earlier quoted context omitted.

I think that's the main offering of databricks- you get a "data platforn in a box" and navigating the forest of piecemeal solutions is replaced with telling your data science and analytics teams to "use databricks". It's easy to look on knowing lots about data tools and say "this could be better done with open source tools for a fraction of the cost", but if you're not a big tech company, hiring a team to manage your…

What exactly is a "data platform"? We have a large postgres server running on a dedicated server that handles millions of users, billions of record updates and inserts per day, and when I want to run an analysis I just open up psql. I wrote some dashboards and alerting in python that took a few hours to spin up. If we ever ran into load issues, we'd just set up some basic replication. It's all very simple and can eas…

simple businesses dont need databricks. one humungous postgres handle operational transactions is what very simple businesses need

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

#199

Post by groaninvasion »

alecco wrote: post #101
throwpoaster wrote: post #76

Earlier quoted context omitted.

They’re not raising $100b. They’re raising _at_ $100b.

I stand corrected. To be honest, I completely lost the sense of scale with money in general. It all feels like Zimbabwe dollars to me. The news talking billions and trillions. Meanwhile friends who used to be well-off (in US/UK/EU) struggle with mortgage payments and/or bills. And the ones not laid off are expected to grind 10hs per day to keep their jobs. https://en.wikipedia.org/wiki/HyperNormalisation https://www.…

all good if you dont have any data on databricks lakehouse. if its already on the lakehouse, its one more click to reverse-etl all that to postgres lakebase and get sub millisecond query response

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

#200

Post by boppo1 »

teleforce wrote: post #191
benrutter wrote: post #26

Earlier quoted context omitted.

Definitely seem like bad investments from my perspective on databricks. Databricks is great at offering a "distributed spark/kubernetes in a box" platform. But its AI integration is one of the least helpful I've experienced. It's very interuptive to a workflow, and very rarely offers genuinely useful help. Most users I've seen turn it off, something databricks must be aware of because they require admins permission f…

>Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI. This is a very worrying trend of having AI enabled by default that you cannot turn it off unless you're the admin.

First I've heard of this, but I don't work in tech. Absolutely insane behavior.
Post reply on HN