"These are still the early days of AI," said Ghodsi, who co-founded the company in 2013. This statement reflects the belief in continuing growth and innovation in artificial intelligence.
Databricks intends to invest the capital in AI products, acquisitions, and international go-to-market expansion on the back of increased momentum and accelerated growth.
The cash-flow metric shows the company is bringing in more than it's spending, a key measure of profitability. This indicator positions Databricks favorably as it approaches significant growth stages.
The funding round was substantially oversubscribed, which highlights the strong investor confidence in Databricks and the overall growth trajectory of AI technologies.
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