Genpact, a leading global professional services firm, has announced the launch of its Finance Data Hub, developed in collaboration with Databricks. This innovative platform, powered by the Databricks Data Intelligence Platform, aims to transform how Chief Financial Officers (CFOs) and their teams manage financial data, offering real-time insights and AI-driven analytics. Positioned as a solution […]
Data and AI company Databricks has announced its Series I funding round, raising over $500 million and bringing the company’s valuation to $43 billion. The Series I funding has set the price per share at $73.5 and is spearheaded by T. Rowe Price Associates, Inc. Alongside T. Rowe Price, existing investors such as Andreessen Horowitz, […]
Digital IT consulting firm Kasmo, a specialist in Salesforce, data, analytics and artificial intelligence (AI), and digital engineering, has announced its strategic alliance with Databricks, a world leader in unified data analytics and AI. Alongside this collaboration, Kasmo has also unveiled its plans to establish a state-of-the-art development center in Hyderabad, marking a significant expansion […]
Databricks, a frontrunner in data and artificial intelligence (AI), announced a definitive agreement to purchase MosaicML, a generative AI platform, for approximately $1.3 billion, inclusive of retention packages. The acquisition, aims to democratize generative AI, allowing organizations to construct, possess, and secure generative AI models using their unique data sets. MosaicML is reputed for its […]
Snowplow, a provider of artificial intelligence (AI) ready customer behavioral data, announced that it has received investment from Databricks Ventures, the strategic investment wing of Databricks, a data and AI company. The investment aims to expand the ongoing partnership between the two companies, enabling organizations to deliver next-generation customer experiences powered by trustworthy, first-party customer […]