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Databricks, a portfolio company of DCVC, has seen a 50% year-on-year revenue increase to $1.6 billion. The company's success is attributed to the demand for generative AI among CEOs and CIOs, leading to larger deals. Investors like Battery Ventures and individuals like Zack Bogue have expressed satisfaction with Databricks' performance, highlighting its revenue momentum and customer success.
Team @databricks is looking absolutely fire today! 🔥 As our General Partner @Dthakker02 shared with @ron_miller and @alex for a new @techcrunch story, “Even at $1.6 billion in revenue, it still feels like the company is in the early stages of growth, based on the broader…
Team @databricks is looking absolutely fire today! 🔥 As our General Partner @Dthakker02 shared with @ron_miller and @alex for a new @techcrunch story, “Even at $1.5 billion in revenue, it still feels like the company is in the early stages of growth, based on the broader…
And very happy to have also backed @MosaicML from day one through its $1.3 billion merger with @databricks ... to power a material portion of this revenue momentum and customer success! Mosaic's tools make it possible for every customer of Databricks to have fair access to AI https://t.co/heeP8ka0Qh