Analysis of Databricks' Lilac Acquisition : vimarsana.com

Analysis of Databricks' Lilac Acquisition

According to a recent report, the Data Science Platforms market is estimated to grow at 77% CAGR to reach $322.9 billion by 2026. Databricks, a leading data analytics solution provider, recently reported its annual revenues that grew more than 50%. Databricks's Financials San Francisco-based Databricks was set up with the objective of integrating data engineering, science, and analytics on an open, unified platform to help data teams collaborate and innovate faster. The company remains privately held and does not share details of its financials. Earlier this year, it announced that its revenues had grown more than 50% to over $1.6 billion. Databricks did not give further details on profitability or revenue segmentation besides informing that its data-warehousing product, launched in December 2021, is operating at an annual revenue run rate of $250 million. Last year, Databricks had a pre-IPO funding round when it raised $500 million in a round led by Nvidia at a valuation

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