Databricks is among the leaders of US cloud companies

Databricks is among the leaders of US cloud companies

These are the big IPOs to watch in 2021: FirstMark Capital’s Rick Heitzmann

Description video:
Rick Heitzmann, FirstMark Capital founder and partner, joins CNBC’s \”Fast Money\” to lay out his forecast for the IPO market in 2021. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi \n\n» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision\n» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC\n» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic\n\nTurn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.\n\nThe News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast \n \nConnect with CNBC News Online\nGet the latest news: http://www.cnbc.com/\nFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC\nFollow CNBC News on Facebook: https://cnb.cx/LikeCNBC\nFollow CNBC News on Twitter: https://cnb.cx/FollowCNBC\nFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBC\n\nhttps://www.cnbc.com/select/best-credit-cards/ \n\n#CNBC\n#CNBCTV

Databricks is among the leaders of US cloud companiesDatabricks is among the leaders of US cloud companies

IT startup Databricks, engaged in data processing and analysis, announced the attraction of fresh investments of $ 1 billion, including from several well-known participants in the corporate market.

New Investors Include Amazon Web Services, Alphabet and Salesforce Ventures. Microsoft, which previously contributed to Databricks, still maintains the project.

Financial affairs Databricks, which is valued at $ 28 billion, shows that the company ranks among the top US cloud service providers with products and services similar to Snowflake, another segment leader.

Databricks rose to prominence with the launch of Apache Spark, a technology for storing various kinds of data in huge quantities. The service is able to visualize and process information in the same way as Tableau, owned by Salesforce. Databricks software provides companies with an easy way to run this kind of operation without having to worry about setting up and updating the platform. The company also increasingly helps organizations implement artificial intelligence models in their business.

«We are a 100 percent cloud company», – said the CEO of Databricks Ali Godsey in an interview with CNBC in 2019. The same principle applies to Snowflake, which Salesforce has invested in and demonstrated strong revenue growth after its IPO last year.

Amazon, the largest cloud provider, didn’t invest in Snowflake until it went public. The corporation took a course towards investing in databases at a later stage than she did before.