Name: Amazon, Alphabet and Salesforce are all investing in a $28 billion company that crunches big data
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Amazon, Alphabet and Salesforce are all investing in a $28 billion company that crunches big data

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Key PointsDatabricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Web Services, CapitalG venture arm and Ventures all joined in, according to a statement. , which invested in Databricks , is also participating in the new round, the .The transaction, which values Databricks at $28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to , another firm with cloud software that helps companies manage data.Disrupting Covid: Tempus and Databricks founders join CNBC's Disruptor 50 SummitDatabricks rose to prominence because it helped companies implement a version of Apache Spark, an alternative to the Hadoop technology for storing lots of different kinds of data in massive quantities. It can help clean up data for exploration in data visualization software such as Salesforce-owned Tableau. The Databricks software gives companies a simple way to run this sort of software, without having to worry about configuring and updating it. Databricks is also deploy artificial intelligence models."We're 100 percent cloud-native," Databricks CEO Ali Ghodsi told CNBC in a 2019 interview. That same principle applies to Snowflake, which Salesforce had also invested in and has demonstrated following its initial public offering last year.Amazon, the largest cloud provider, did not put money into Snowflake before it went public. Now it's investing in Databricks at a later stage than it has historically done.Nominations are open for the 2021 , a list of private start-ups using breakthrough technology to become the next generation of great public companies. by Friday, Feb. 12, at 3 pm EST.

Key PointsDatabricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Web Services, CapitalG venture arm and Ventures all joined in, according to a statement. , which invested in Databricks , is also participating in the new round, the .The transaction, which values Databricks at $28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to , another firm with cloud software...

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Amazon, Alphabet and Salesforce are all investing in a $28 billion company that crunches big data

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