Why databricks Is Trending Today?
Explore key developments that caused databricks to trend — updated as the story unfolds.
2 key events detected
August 20, 2025 at 3:21 PM
Databricks, a data and AI company co-founded by professors Ion Stoica and Matei Zaharia, has reached a valuation of over $100 billion in its latest funding round, a 61% increase from its previous valuation. The company, which uses Databricks to process and analyze large datasets, has raised $1 billion in this round, with investors expressing strong interest in AI startups. Databricks' CEO has stated that this new funding will be used to expand into a new AI database market, potentially becoming the next big opportunity for Wall Street following Snowflake's success. Meanwhile, Citron Research has reiterated its $40 per share target for Palantir, using Databricks to support its argument.
August 19, 2025 at 2:48 PM
Databricks, a data processing and analytics company co-founded by two Romanian professors, has reached a record valuation of over $100 billion. The company, based in the United States, is aiming for a valuation of over $100 billion in its latest funding round, as investors back its growth plans in the artificial intelligence sector. Databricks is also hiring for the position of Engineering Manager for Data and AI Observability.