Robot Technology News  
ROBO SPACE
AI startup Databricks valued at $28 bn, tech giants join funding
by AFP Staff Writers
San Francisco (AFP) Feb 1, 2021

Artificial intelligence startup Databricks said Monday it raised fresh capital at a $28 billion valuation, with investments coming from Microsoft, Google and Amazon.

The startup, which develops technology that delivers improved analytics to cloud computing platforms, has some 5,000 customers, including 40 percent of Fortune 500 companies, which use the service for data engineering.

The latest funding round of $1 billion was led by the investment firm Franklin Templeton and includes Amazon Web Services, the Google investment arm Capital G and Microsoft, a previous investor.

Also joining were new investors Salesforce, Canada Pension Plan Investment Board, Fidelity Management & Research LLC and Whale Rock, along with existing investors Andreessen Horowitz, Alkeon Capital Management and other financial firms.

"We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI (business intelligence) to AI," said Ali Ghodsi, Databricks chief executive and co-founder.

"Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and innovate faster."

The funding will enable Databricks to expand its "lakehouse" architecture, which draws data from various sources to help improve analytics.

The move comes amid heightened investor interest in cloud computing firms and follows a public offering from Snowflake, a cloud storage computing firm that has surged in value to some $80 billion.

rl/to

SALESFORCE.COM

MICROSOFT

GOOGLE

AMAZON.COM


Related Links
All about the robots on Earth and beyond!


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


ROBO SPACE
Motiv Space Systems and JPL to develop robotic arm for extreme cold environments
Pasadena CA (SPX) Jan 27, 2021
Motiv Space Systems, in partnership with JPL, has announced the development of COLDArm, the first-in-kind robotic arm that will be built to survive the extreme cold of the Moon's South Pole ushering in a new era of extended space exploration on the Moon, Mars, and beyond. COLDArm (short for Cold Operable Lunar Deployable Arm) is a vital component of the Commercial Lunar Payload Services (CLPS) a NASA program to send small robotic landers and rovers to the Moon, including its South Pole-a region kn ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ROBO SPACE
Citadel Defense wins major contract for AI powered counter drone system

Unmanned aerial vehicles to scale new heights thanks to NASA

New drone program and bolster enterprise utilities management

Sagetech Avionics receives AFWERX contract from US Air Force

ROBO SPACE
Sony forecasts record profit after PlayStation 5 launch

Discoveries at the edge of the periodic table: first ever measurements of einsteinium

Photonics research makes smaller, more efficient VR, augmented reality tech possible

Scientists figure out why food sometimes sticks to nonstick pans

ROBO SPACE
'Quantum brain' promises more eco-friendly data centers

Liquid machine-learning system adapts to changing conditions

Embattled Intel says earnings better than expected

Transforming quantum computing's promise into practice

ROBO SPACE
Optimized LIBS technique improves analysis of nuclear reactor materials

Estonia's geology holds promise for nuclear waste disposal

Framatome's GAIA Enhanced Accident Tolerant Fuel completes first-ever fuel cycle

France's EDF delays UK nuclear plant, as cost soars

ROBO SPACE
UN says 12 murdered in Syria camp in two weeks

At packed hospitals, Iraqis lament blast as bitterly familiar

Metal detectors installed at doors of US House

Spain court remands three suspected IS members

ROBO SPACE
Getting to net zero and even negative is surprisingly feasible, and affordable

BlackRock pushes companies to set more ambitious climate targets

Rich nations 'hugely exaggerate' climate finance: study

China to launch carbon emissions trading scheme next month

ROBO SPACE
Batteries that can be assembled in ambient air

From waste heat to electrical power: A new generation of thermomagnetic generators

UMass Amherst researchers discover materials capable of self-propulsion

Physicists create tunable superconductivity in twisted graphene "nanosandwich"

ROBO SPACE
Three generations dedicated to space program

China's space station core module, cargo craft pass factory review

China's space tracking ship completes satellite launch monitoring

Key modules for China's next space station ready for launch









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.