Amazon, Alphabet, Salesforce return databases at $ 28 billion valuation

Databricks, a company whose software helps businesses quickly process large sets of data and get it ready for analysis, said on Monday it had raised $ 1 billion in new cash, including from some leading corporate investors. According to a statement, Amazon Web Services, Alphabet’s CapitalG company and Salesforce Ventures joined. Microsoft, which previously invested in Databricks, is also reportedly taking part in the new round.

The deal, which values ​​Databricks at $ 28 billion, shows the top three U.S. cloud providers recognize that the company represents an opportunity similar to Snowflake, another cloud software company that helps companies manage data.

Datasheets have become prominent because they have helped companies implement a version of Apache Spark, an alternative to the Hadoop technology to store many different types of data in large quantities. It can help clean up data for exploration in data visualization software, such as Tableau owned by Salesforce. The Databricks software provides businesses with an easy way to run this type of software without having to worry about setting it up and updating it. Increasingly, Databricks organizations are also increasingly helping to deploy artificial intelligence models.

“We are 100 percent in the cloud,” Databricks CEO Ali Ghodsi told CNBC in a 2019 interview. The same principle applies to Snowflake, in which Salesforce also invested and showed strong revenue growth after its initial public offering last year.

Amazon, the largest cloud provider, did not pour money into Snowflake until it became known. Now he is investing in Databricks later than he did before.

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