Khari Johnson / VentureBeat:Databricks, which provides services for data analytics and AI workloads, raises $1B and is now valued at $28BDatabricks today announced the close of a $1 billion funding round, bringing the company’s valuation to $28 billion after post-money valuation, a company spokesperson told VentureBeat.
The Databricks Lakehouse System
Simple. Open. Multicloud.
The Databricks Lakehouse Platform incorporates the most effective elements of data lakes and also information stockrooms to deliver the integrity, solid administration as well as performance of information storehouses with the openness, adaptability and also machine learning support of data lakes.
This unified strategy simplifies your modern information pile by eliminating the information silos that commonly separate and also make complex data engineering, analytics, BI, data scientific research and machine learning. It’s built on open source as well as open standards to optimize flexibility. And also, its usual strategy to information management, safety as well as governance assists you run more successfully as well as introduce faster.Simple
The unified technique streamlines your data style by eliminating the data silos that traditionally separate analytics, BI, data science and artificial intelligence. With a lakehouse, you can eliminate the intricacy and cost that make it tough to attain the complete possibility of your analytics as well as AI initiatives
The Databricks Lakehouse System supplies you a consistent management, security, and governance experience throughout all clouds. You don’t need to purchase reinventing procedures for every single cloud system that you’re using to support your data as well as AI efforts. Instead, your data groups can simply concentrate on placing all your data function to uncover brand-new understandings.