Which companies are both Amazon, Alphabet - parent company Google and Salesforce sought?

Tradehay.com: 02/02/2021 - 06:12

Databricks, a startup whose software helps companies quickly process large data sets and analytics, said on Monday it had raised $ 1 billion in cash, including from several investors. famous private enterprise.

Amazon Web Services, Alphabet's CapitalG venture arm and Salesforce Ventures both participated, according to a statement. Microsoft (NASDAQ: MSFT), the company has invested in Databricks before, and is also engaged in new investment, the statement said.

The transaction, priced at Databricks at $ 28 billion, shows that the top three U.S. cloud providers recognize that the Databricks company represents a similar opportunity to Snowflake, a company with computing software Cloud helps companies manage data.

Databricks became famous because it helped companies deploy a version of Apache Spark, an alternative to Hadoop technology for storing many different types of data in bulk. It can help aggregate data for analysis in data visualization software like Tableau owned by Salesforce. The Databricks software provides companies with a simple way of configuring and updating when running this type of software. Databricks are also increasingly helping organizations implement AI models.

Databricks CEO Ali Ghodsi told CNBC in a 2019 interview: “We are 100% cloud-sourced. The same principle applies to Snowflake, the company Salesforce has also invested in and has demonstrated strong revenue growth following its initial public offering last year.

Amazon, the largest cloud service provider, didn't pour money into Snowflake before it went public. They now invest in Databricks at a later stage than before.