In November 2023, Databricks unveiled the Databricks Data Intelligence Platform, a new offering that combines the unification benefits of the lakehouse with MosaicML’s Generative AI technology to enable customers to better understand and use their own proprietary data.
The firm was valued at $62 billion in December 2024, following a funding round that raised one of the largest amounts in history, an equivalent to the largest single AI investment ever made.
In early March 2025, Databricks announced it would invest $1 billion in San Francisco's downtown.
In June 2020, Databricks bought Redash, an open-source tool for data visualization and building of interactive dashboards. In 2021, it bought German no-code company 8080 Labs whose product, bamboolib, allowed data exploration without any coding. In May 2023, Databricks bought data security group Okera, extending Databricks data governance capabilities. In June, it bought the open-source generative AI startup MosaicML for $1.4 billion. In October, Databricks bought data replication startup Arcion for $100 million. In what is believed to be its sixth acquisition, Databricks bought Tabular, a data-management system used by open source AI, for over $1 billion.
Databricks reported $1.6 billion in revenue for the 2023 fiscal year, more than doubling its previous level.
Databricks develops and sells a cloud data platform using the marketing term "lakehouse", a portmanteau of "data warehouse" and "data lake". Databricks' Lakehouse is based on the open-source Apache Spark framework that allows analytical queries against semi-structured data without a traditional database schema. In October 2022, Lakehouse received FedRAMP authorized status for use with the U.S. federal government and contractors.
In June 2020, Databricks launched Delta Engine, a fast query engine for Delta Lake, compatible with Apache Spark and MLflow.
In November 2020, Databricks introduced Databricks SQL (previously called SQL Analytics) for running business intelligence and analytics reporting on top of data lakes. Analysts can query data sets with standard SQL or use connectors to integrate with business intelligence tools like Holistics, Tableau, Qlik, SigmaComputing, Looker, and ThoughtSpot.
Databricks offers a platform for other workloads, including machine learning, data storage and processing, streaming analytics, and business intelligence.
In early 2024, Databricks released the Mosaic set of tools for customizing, fine-tuning and building AI systems. It includes AI Vector Search for building RAG models; AI Model Serving, a service for deploying, governing, querying and monitoring models fine-tuned or pre-deployed by Databricks; and AI Pretraining, a platform for enterprises to create their own LLMs.
In March 2024, Databricks released DBRX, an open-source foundation model. It has a mixture-of-experts architecture and is built on the MegaBlocks open-source project. DBRX cost $10 million to create. At the time of launch, it was the fastest open-source LLM, based on commonly-used industry benchmarks. It beat other models like Llama 2 at solving logic puzzles and answering general knowledge questions, among other tasks. And while it has 136 billion parameters, it only uses 36 billion, on average, to generate outputs. DBRX also serves as a foundation for companies to build or customize their own AI models. Companies can also use proprietary data to generate higher-quality outputs for specific use cases.
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