According to a recent report, the Data Science Platforms market is estimated to grow at 77% CAGR to reach $322.9 billion by 2026. Databricks, a leading data analytics solution provider, recently reported its annual revenues that grew more than 50%. Databricks's Financials San Francisco-based Databricks was set up with the objective of integrating data engineering, science, and analytics on an open, unified platform to help data teams collaborate and innovate faster. The company remains privately held and does not share details of its financials. Earlier this year, it announced that its revenues had grown more than 50% to over $1.6 billion. Databricks did not give further details on profitability or revenue segmentation besides informing that its data-warehousing product, launched in December 2021, is operating at an annual revenue run rate of $250 million. Last year, Databricks had a pre-IPO funding round when it raised $500 million in a round led by Nvidia at a valuation
According to a recent report, the Data Science Platforms market is estimated to grow at 16% CAGR to reach $378.7 billion by 2030 from $96.3 billion in 2021. Databricks, a leading data analytics solution provider, is seeing strong growth as well and is gearing up to go public soon. Databricks's Financials San Francisco-based Databricks was set up with the objective of integrating data engineering, science, and analytics on an open, unified platform to help data teams collaborate and innovate faster. Based on Apache Spark, Databricks has been designed specifically for big data processing and helps data scientists take advantage of built-in core API for languages like SQL, Java, Python, R, and Scala. Earlier coverage is available here. Its revenues grew to over $1 billion, driven by diversification into new products and AI. Its revenue grew more than 60% in 2022 and its data warehousing product is now generating more than $100 million annual recurring revenue (ARR). Its
Boston, MA (PRWEB) May 03, 2022 RapidMiner, provider of a market-leading data science platform, was recently recognized as a Leader in the GigaOm Radar
Bangalore (Karnataka) [India], August 18 (ANI/NewsVoir): Rakuten India Enterprise - a Bangalore-based Technology Hub for Rakuten Group, Inc will be virtually hosting Rakuten's Product Conference on August 19 and 20, 2021 in partnership with Analytics India Magazine.
The Top Data Science Platforms Vendors According to the FeaturedCustomers Summer 2021 Customer Success Report Rankings prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.