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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

#71

Post by esafak »

thrown-0825 wrote: post #58
ed_elliott_asc wrote: post #36

Earlier quoted context omitted.

I’d imagine pretty much all of the s and p 500 companies rely on databricks, a large percentage of them at least

for what? managed postgres and some ml training tools?

Spark

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

#73

Post by baggachipz »

e40 wrote: post #51
federiconafria wrote: post #42

Earlier quoted context omitted.

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.

Granted, OpenAI is burning tons of cash as well. The great tech race of cash burning is at full steam!

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

#76

Post by throwpoaster »

alecco wrote: post #63

> and Lakebase, a new type of operational database (OLTP), built on open source Postgres, and optimized for AI Agents. Rust + Cloud Object Store/serverless/S3 + Postgres. Slap "AI agents" on top: keyword peak reached. So they will easily raise the 100bn. Meanwhile, this is Lakebase/Neon: https://blog.opensecret.cloud/why-we-migrated-from-neon-to-p... Due diligence? Taboo.

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

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

#77

Post by tzury »

This curvature of spacetime is caused by the mass of the AI bubble.

While many comments were focused on the "K" letter, I wanted to remind us all that OpenAI stretched their Series E from Jan 23, 2023 to Nov 22, 2024 -- 23 months, squeezing in 6 rounds

source: https://tracxn.com/d/companies/openai/__kElhSG7uVGeFk1i71Co9...

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

#78

Post by dahcryn »

ktallett wrote: post #53
blerb795 wrote: post #43

Earlier quoted context omitted.

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.

it really is the most expensive I've ever came across. It would be a flatout no-go if it weren't for Microsoft pushing everyone onto this platform, supported by their network of really absolutely neutral Gartner friends and Deloittes/KPMG/Accenture/TCS "experts" to recommend what lines their pockets.

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

#79

Post by quietthrow »

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.

This. To me if you are still unprofitable after 15 years you are not really a business.

However genuinely curious about the thesis applied by the VC’s/Funds that invest in such a late stage round? Is it simply they are taking a chance that they won’t be the last person holding the potato? Like they will get out in series L or M rounds or the company may IPO by then. Either ways they will make a small return? Or is the calculus diff?

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