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Analysis of Databricks' AI Acquisitions

According to a recent report, the Data Science Platforms market is estimated to grow at 16% CAGR to reach $378.7 billion by 2030 from $96.3 billion in 2021. Databricks, a leading data analytics solution provider, is seeing strong growth as well and is gearing up to go public soon. 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. Based on Apache Spark, Databricks has been designed specifically for big data processing and helps data scientists take advantage of built-in core API for languages like SQL, Java, Python, R, and Scala. Earlier coverage is available here. Its revenues grew to over $1 billion, driven by diversification into new products and AI. Its revenue grew more than 60% in 2022 and its data warehousing product is now generating more than $100 million annual recurring revenue (ARR). Its ....

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