Tag: venture capital
Databricks to Raise $5B at $55B Valuation: Report
Databricks is reportedly seeking to raise at least $5 billion in an equity funding round at a valuation of $55 billion. The deal, reported by The Information, would allow employees to cash out a portion of their shares. Read more…
Aerospike Nabs $109M to Grow Data Biz Turbocharged by AI
Aerospike is hoping to grow its business as fast as its customers are growing their data. And with today’s Series E round valued at $109 million, Aerospike has the capital to do just that, capturing more AI-linked work Read more…
Databricks Nabs $500 Million, Pre-IPO Investment by Nvidia
Databricks hasn’t gone public yet--the market just hasn’t been right this year for that--but it did the next best thing today when it raised $500 million in a growth round of funding. The Series I round included inve Read more…
‘Scary Signs’ from Tech Startup-Ville, Crunchbase Says
Venture capital investment in the tech startup ecosystem is plummeting, particularly in the seed and early stage funding rounds, industry watcher Crunchbase says in its monthly report issued today. Investors ponied up Read more…
Venture Capital Funding Plummets, But AI Investment Growing Strong
Global funding from venture investors plunged 56% last month compared to April 2022, going from $47.8 billion to about $21 billion this year, according to a Crunchbase analysis released today. However, AI was one of the Read more…
Quantexa to Boost AI and Analytics Investment with Series E Round
Quantexa, a UK-based company that develops a decision intelligence platform designed to help banks, telecommunication providers, and government agencies uncover risks and opportunities hidden in their data, this week ann Read more…
Salesforce Goes All-in on Generative AI with Einstein GPT, Integration with OpenAI
At its TrailblazerDX developer conference in San Francisco, Salesforce has announced new releases, research, and funding centered around generative AI for its CRM platform. Generative AI, specifically text generation Read more…
DataStax Nabs $115 Million to Help Build Real-Time Applications
DataStax, the commercial vendor behind the Apache Cassandra NoSQL database, today announced that it has raised $115 million in a private equity round led by Goldman Sachs. The company says it will use the round to expand Read more…
VCs Open Up the Checkbook for Observability Startups
Observability continues to be one of the biggest tech trends in big data. It certainly has the attention of venture capitalists, who have committed hundreds of millions of dollars to data observability startups in recent Read more…
Deepnote Raises $20M to Scale Jupyter-Based Data Science Biz
Deepnote, the San Francisco software firm building a data science collaboration platform atop a Juypter notebook base, today announced it has raised $20 million in a Series A round. Deepnote was founded in 2019 with a Read more…
Observable Eyes Better Data Collaboration with Series B Funding
If Observable co-founder and CEO Melody Meckfessel has her way, the $35.6 million Series B round of financing announced today will help to jumpstart the adoption of data collaboration at a level the big data industry has Read more…
Oh Snap! Data Integration Firm the Latest Unicorn
Following a Series H round of funding totaling $165 million led by Sixth Street, data and application integration vendor SnapLogic is now worth over $1 billion, the company announced today. Since it was founded in 200 Read more…
Fivetran Raises $565 Million, Buys CDC Vendor HVR
Fivetran took a big step into the world of enterprise data integration today when it announced an Andreessen Horowitz-led $565 million round of financing and plans to acquire change data capture (CDC) vendor HVR for $700 Read more…
Databricks Sees Lakehouse Validation in $1.6 Billion Round
Databricks today announced a $1.6 billion Series H round of venture capital funding at a $38 billion valuation. The company says the new money validates its lakehouse approach to big data architecture, which blends the q Read more…
Automated Data Labeler Snorkel AI Lands $85M in VC Funding
For many enterprises using AI, one of the biggest bottlenecks continues to be the difficulty in getting all their critical data into clearly sorted and labeled groups so it can be used to drive business value. Much of Read more…
Dataiku Nabs $400 Million in Quest to Democratize AI
Data science platform maker Dataiku announced today that it has reeled in $400 million in venture capital, giving it nearly $647 million in funding since it was founded in 2012, and a market capitalization of $4.6 billio Read more…
dbt Rides Wave of Modern, Cloud-Based ETL to New Heights
The explosion of data analytics on the cloud has been good for Fishtown Analytics, the Philadelphia, Pennsylvania-based company that was behind the popular open source data built tool, or dbt. Now the company is looking Read more…
Druid-Backer Imply Lands $70M to Drive Analytics in Motion
Imply, the startup founded to productize the Apache Druid database in pursuit of analytics in motion, this week announced that the completion of a $70-million Series C round of funding. Imply was founded in 2015 by so Read more…
Neo4j Sees Graph Data Science Taking Off Following $325 Million Round
Operational use cases such as fraud prediction and recommendation engines have dominated in Neo4j’s existence up to this point. But following today’s announcement of a $325-million funding round that values the graph Read more…
Alation Adds $110M to Its Catalog
Alation, the company that put the data catalog on the map, today announced the completion of a Series D round of funding worth $110 million. The influx of cash coincides with a $1.2 billion valuation, and gives the unico Read more…
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