Databricks IPO Date 2021: Databricks IPO Price, News, Plans, Launch
SF-based The founders of Apache Spark, MLflow, and Delta Lake created Databricks in 2013. Databricks’ unified data platform is being used by over 5,000 firms and organisations for analytics, machine learning, and data engineering.
Databricks has raised $1.9 billion from 28 investors in 7 key fundraising rounds since its inception.
Databricks is a major player in enterprise software, with plans to go public soon. Here’s the lowdown on Databricks ahead of its IPO.
The Databricks IPO date is yet unknown, but anticipation is increasing. The company’s post-IPO valuation is difficult to predict because so much may happen between now and the IPO, but it might be far above $40 billion.
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It was able to obtain $850 million in funding from Andreessen Horowitz, a California-based venture capital firm, over the next five years. In 2019, the company raised $400 million to strengthen its R&D and international expansion goals.
In 2021, the firm raised $2.6 billion in Series G and H financing. The funds will be used to build its groundbreaking ‘Data Lakehouse’, which combines the benefits of both a data warehouse and a data lake.
Databricks’ most recent financial year revenues were $425 million as of September 2021, with over 2,000 employees.
Clients benefit from Databricks’ capacity to analyse customer data. Also, the Lakehouse platform gives the client a competitive advantage based on data. For data infrastructure simplification and innovation, Databricks’ “lakehouse” data management architecture has become the norm.
The price of Databricks’ stock and the amount obtained through an IPO are still important factors for potential investors.
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