DATABRICKS
SaaS firm Capillary’s AI platform drives new customer wins, revenue grows 51%
Capillary’s aiRA (AI-powered Research Assistant) is an AI agent for enterprise brands that helps connect customer data across platforms and identifies opportunities to acquire, convert, retain and reactivate customers. It also executes campaigns through existing marketing tools, with human approval. It works with data from platforms such as Salesforce, Snowflake, Databricks, Google Ads and Meta, according to the investor presentation.
Snowflake and Databricks CEOs debate growth and AI; reactions follow
Sridhar Ramaswamy of Snowflake voiced concerns on social media questioning Databricks’ impressive 80% growth rate. He sought clarity on crucial aspects like free cash flow, obligations, and adjusted margins. In response, Databricks CEO Ali Ghodsi acknowledged their competitive dynamics while suggesting a collaborative potential. This dialogue sparked varied reactions, underscoring the complexities of financial disclosures. Ramaswamy also advocated for unified regulations on artificial intelligence across various models and entities.
How Databricks’ $2.2 billion Tabular deal helped Tim Chen’s Essence VC nearly return its entire fund
Tim Chen wasn’t planning to raise a new venture capital fund when investors began approaching him. His investment in Tabular, acquired by Databricks in 2024, helped put Essence VC on the map. The interest eventually helped Chen close a $41 million fourth fund, even before he had prepared a pitch deck.
Who are the biggest investors backing Anthropic? A look at key stakeholders
Anthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.
Anthropic's top investors include Amazon, Google, Fidelity Management
Anthropic is preparing for its initial public offering, supported by significant investments from Amazon and Google. The company's valuation has increased significantly through numerous funding rounds over recent periods. Key investors like ICONIQ Capital and Coatue Management have also expressed confidence in its potential. Anthropic's partnerships with technology leaders enhance its resources for advancing AI development.
Why L&T Technology shares jumped 11% to hit the Rs 4,000 level afterQ2 results
L&T Technology Services shares rose sharply past Rs 4,000 after Q2 results beat expectations, driven by margin expansion, AI-led deal wins and strong sustainability business growth. Management expects a stronger second half of FY27, while Motilal Oswal, Nuvama and Nomura raised their target prices but maintained cautious ratings.
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Meet Kevin Corey, the high school business teacher who started a wipes brand with $14,000; by 2025, it was generating $3.8 million
Corey is the co-founder of Stall Mates. It is a brand of flushable bathroom wipes that he built with his teaching career. All of this started as a small business idea. It has now grown into a company selling around 250,000 packs of wipes annually. It is reported that he continues to work as a teacher while managing the business during evenings and weekends.
In 2020, Molly Wolchansky started The Agent Nest with $500; by 2024, the real-estate marketing platform was generating an estimated $120,000 a year
Wolchansky first created social media content for her mother, who used to work as a real-estate agent. Other agents as well showed interest in the material. That gave her an idea of the demand for affordable marketing resources. Later, she worked with real-estate professionals through a marketing agency.
In 2021, a Pennsylvania woman's property was auctioned over a $7,771 tax bill; she claimed she was told the notice concerned a trailer, but court rejected her appeal
The tax bureau had sent her a certified letter about the unpaid taxes in April 2020. In that same year, it sent her another notice by certified mail informing her of the planned tax sale. That went unclaimed. Two other attempts also failed later. Eventually, a notice of sale was posted on the property on June11. The sale was advertised in newspapers.
Meet Jonathan Frankle, who taught programming to law students, then a 'lottery ticket' idea led to a $1.3 billion exit and Databricks' top AI job
Frankle became part of the founding team at MosaicML. It was an AI startup established in 2021. There, he served as its chief scientist. He also helped lead research into making AI model training more efficient. MosaicML had one focus. It was on helping businesses build and train their own machine learning models rather than depending entirely on ready-made AI services.
Regulate the agents, not just the labs: Snowflake CEO on AI safety
Snowflake competes with Databricks to help large companies to store and analyse their data and, increasingly, build AI agents on its platform. In an interview, Sridhar Ramaswamy, chief executive of Snowflake, also said he has “a whole lot of paranoia” about staying relevant because the disruptor can itself be disrupted. Edited excerpts.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
‘AI agents will need solid data foundation to deliver results’
Fragmented data pipeline traps AI tools inside corporate silos, Databricks JAPAC head Simon Davies tells Tanya Pandey & Surabhi Agarwal. When moving from pilot to production, organisations realise that without a solid data foundation, it is hard to understand the real implications agentic capabilities will have on the organisation, Davies said.
Meet Diogo Almeida, former OpenAI researcher behind Jev, an AI model designed to deliver structured answers, scores and yes-or-no decisions
TypeSafe AI, a startup led by Almeida, has developed Jev. The model had attracted attention in Silicon Valley as companies explore alternatives to traditional large language models (LLMs). Unlike chatbots that generate text in response to prompts, Jev classifies information into predefined outcomes. these can include a yes-or-no answer, a numerical score or a choice from a fixed list of options.
What is Anthropic Claude Sonnet 5.5?
Anthropic has released Claude Sonnet 5.5 on Monday. It is the second model in its Claude 5.5 family. The AI lab is expanding its product lineup ahead of a planned IPO. Sonnet 5.5 is a faster and lower-cost option than Claude Opus 5.5.
Anthropic rolls out second Claude 5.5 model as it builds toward IPO
Anthropic on Monday released Claude Sonnet 5.5, the second model in its Claude 5.5 family, as the AI lab expands its product lineup ahead of aplanned IPO. Here are some more
Mastercard’s AI Garage is building products for the world in India: Nitendra Rajput
Mastercard's AI Garage in India builds global payment network products. It uses machine learning and data science to secure payment networks. The company develops large tabular models for transaction data analysis. Mastercard also explores agentic commerce and establishes AI governance frameworks.
AI firm Databricks valued at $190 billion as it bags $5 billion in funding
The funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies tied to the AI boom remains strong.
Databricks expands Microsoft Azure partnership, to use more custom chips
Databricks will extend its Microsoft partnership through the 2030s. The company will increase its use of the Azure platform and Microsoft's custom chips. This move marks a significant win for Microsoft's Azure cloud business. Databricks will run core operations and analytics on Azure infrastructure. Microsoft will also integrate Databricks' AI capabilities across its products.
Databricks secures funding round at $188 billion valuation
Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion.
Will Databricks go public next year? CEO Ghodsi says focus is on winning, not timing
Ali Ghodsi says Databricks wants to avoid the mistake of 2022, when many newly public tech companies were forced to prioritise Ebitda and margins after interest rates and inflation rose.
Databricks in talks to raise capital at $134 billion valuation: Report
The company has increased its sales projections at least twice this year, the Information reported, adding that in September, Databricks revised its sales projection from $3.8 billion to $4 billion, before revising it upward again slightly. It now expects sales to grow by 55% this year.
Databricks in talks to raise capital at above $130 billion valuation: The Information
Databricks is reportedly discussing a new funding round that could value the company at over $130 billion, far above its previous $100 billion valuation. The AI-focused data platform, which recently raised $1 billion, continues to see strong demand and now serves around 15,000 customers worldwide.
Databricks, OpenAI team up to deliver AI models for enterprise clients
As part of the agreement, OpenAI's AI models will be built directly into Databricks' cloud platform for enterprise data and analytics, as well as its flagship product, Agent Bricks, which helps customers create, test and scale AI apps and agents.
Databricks names Kamalkanth Tummala India country manager
Databricks has appointed Kamalkanth Tummala as country manager for India. Formerly with Salesforce, Tummala will lead the company’s $250 million India investment across research, training, and go-to-market operations. Databricks, valued at over $100 billion, serves major Indian clients such as HDFC Bank, Swiggy, TVS Motors and Zepto.
Databricks to buy Sequoia-backed Tecton in AI agent push
Tecton, backed by Sequoia Capital and Kleiner Perkins, provides software that helps companies analyze and deploy data at scale with low latency. Financial terms of the deal, which consists of Databricks' private shares, were not disclosed. Tecton was last valued at $900 million in a 2022 private funding round and has about 90 employees.
India's digital businesses are innovating faster with Data + AI, says Databricks founder
The Silicon Valley's data and AI company Databricks recently committed a $250 million investment in India over the next three years towards local R&D, talent development, and enterprise adoption of AI.
Databricks Secures Massive $10 Billion Funding Round, Setting New Heights with $62 Billion Valuation
Databricks has made headlines with a record-breaking $10 billion funding round, cementing its status as a tech powerhouse with a valuation of $62 billion.
Databricks rolls out AI assistant to help analyse business data
Databricks, a San Francisco-based startup most recently valued at $38 billion, is among several tech companies, including Adobe Inc and Intel Corp, racing to use chatbots that can hold human-like conversations to sift through business data like sales transactions or written reports for answers.
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