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Will its vision for unified analytics fly? Lindsay Clark Tue 1 Jun 2021 // 10:05 UTC Share Copy Databricks, the commercial company founded around the popular Apache Spark data lake, is making a strike for new class workloads and enterprise data management jobs in its make-or-break IPO year. Hawking technology news from the company’s Data + AI Summit, CEO Ali Ghodsi spoke to The Register about the new technologies. Ghodsi said the firm s efforts to combine the order and SQL queries familiar to data warehousing with the schema-less architecture of data lakes would be pushed more aggressively against established vendors in the data management, analytics and data warehousing. ....
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Big data analytics software developer Databricks Monday confirmed raising US$1 billion in a new Series G round of funding that boosts the company’s post-money valuation to US$28 billion. The new financing presages what many observers expect will be a blockbuster IPO from the San Francisco-based company sometime this year. The latest funding round comes on top of the US$897 million the San Francisco-based company has already raised including the US$400 million Series F round of financing the company announced in October 2019 and the US$250 million Series E funding in announced in February of that same year. Last week there were reports, which Databricks declined to confirm, that said the company might have snagged as much as US$2 billion in additional funding, pushing its pre-money valuation to US$28 billion to US$30 billion. ....