From commercial failure to a $1b funding round in five years
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Five years ago Databricks’ seven co-founders were thinking about elevating their plan Bs to plan As. They had been chewed out by an angry board, which observed that the restaurant down the street was making more money than their open source computing company.
The founders, who came from the AMPLab project at University of California, Berkeley, had already spent the better part of seven years trying to make their tech take off, and commercial success seemed a long way off.
Databricks CEO Ali Ghodsi says raising $1 billion was the easiest capital raise the company has completed.