Databricks Raises $1B Series G Investment at $28B Valuation

Posted by aratob on Monday February 01, 2021 @05:29PM
from the databricks.com dept.

https://databricks.com/company/newsroom/press-releases/databricks-raises-1-billion-series-g-investment-at-28-billion-valuation

( 3 comments | 4 points | on HN )

Re:Databricks Raises $1B Series G Investment at $28B Valuation by aratob on Monday February 01, 2021 @05:35PM (#25995069)

It's interesting to compare the trajectory of Databricks with Snowflake.

Last February, Snowflake raised its last funding round, $479M at a $12.4B valuation. Snowflake then went on to a gigantic, record breaking IPO in September.

This time it's Databricks, with a 2x investment at a 2x valuation. The eventual IPO will be something to watch.

[1] https://www.geekwire.com/2020/cloud-data-platform-giant-snow...

[ Parent | on HN ]

Re:Databricks Raises $1B Series G Investment at $28B Valuation by fukmbas on Monday February 01, 2021 @11:37PM (#25997494)

Both will be considered legacy in just a couple of years

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Re:Databricks Raises $1B Series G Investment at $28B Valuation by sbinthree on Monday February 01, 2021 @05:42PM (#25995139)

Snowflake's IPO definitely led to these terms.

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