Company: Databricks
Co-Founders: Ali Ghodsi (also CEO), Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Andy Konwinski, and Arsalan Tavakoli-Shiraji
Website: https://www.databricks.com/
About Databricks
Databricks is the data + AI company. Founded in 2013, with origins in academia and the open source community, Databricks’ solutions help drive organisations’ data and AI strategies. Today, the company is valued at $43bn, and over 10,000 organisations worldwide – including Comcast, Condé Nast, Grammarly, and over 60% of the Fortune 500 – rely on Databricks.
Databricks’ mission to democratise data and AI led to the company pioneering the data lakehouse architecture. This combined the data management structures of data warehouses, with the low-cost cloud storage of data lakes. By bringing the two together, Databricks has empowered data teams across organisations to leverage data without needing to access multiple systems, radically simplifying processes. Additionally, the lakehouse architecture ensured that teams could access up-to-date data available for everything from data science to AI projects.
In July 2023, Databricks took its commitment to data and AI democratisation a step further by acquiring MosaicML, a leading platform for creating and customising enterprise generative AI models. This acquisition laid the foundations for the company releasing its Data Intelligence Platform in November 2023. Built on the lakehouse architecture, the Platform uses AI to understand the unique semantics of an organisation’s data; moreover, the AI allows users to input, and receive output, in natural language – giving every employee of an organisation the ability to confidently understand and work with data. Following this, Databricks released tailored Data Intelligence Platforms for the telecommunications and energy industries; each offers unique features to best support organisations in building and delivering on their data and AI strategies.
In March 2024, Databricks launched ‘DBRX’, an open-source, general-purpose LLM. With DBRX, organisations can cultivate data intelligence by building and training their own LLM that is tailored to their proprietary data whilst remaining cost-effective and secure. Its launch has democratised the training of LLMs beyond a small handful of providers, given companies more control over the outputs, and supported responsible, collaborative development of AI.
Databricks’ solutions, and its impact on AI across the globe, have resulted in continuous growth. In April 2024, Databricks announced that it achieved over 70% year-on-year growth for its EMEA business during the last fiscal year. The company is also expanding its presence in the region as a result of increasing demand for data and AI capabilities. These investments into its EMEA footprint will allow Databricks to work even more closely with its local customers to meet their evolving needs.
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