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Databricks plans to use the funds for product development and acquisitions, reflecting a growing trend in AI investment.

Databricks signs Series K term sheet at a $100 billion valuation to accelerate its AI strategy, expand Lakebase, and fuel ...

Analytics firm Databricks said on Tuesday its valuation was set to jump 61% to more than $100 billion in a funding round less ...

Cloud technology firm Snowflake ($SNOW) saw its shares melt nearly 1% today as private rival Databricks reached a milestone ...

Databricks, a rival to Snowflake in cloud data, is nearing a $100 billion valuation after a new funding round, a significant ...

Snowflake's share price remains under pressure due to its ongoing growth deceleration and rising competition. In particular, Databricks is growing rapidly and trying to drive adoption of the data ...

The two companies’ data science platforms have become core components for many CIOs who are focused on leveraging organizational data to drive AI deployments, as the market for similar tools rapidly ...

Both Databricks and Snowflake offer unique value propositions, and their joint customers see benefits in using both. The rivalry between the two companies will drive innovation and benefit end users.

To address this need, Databricks and Snowflake have emerged as the best one-stop shops for this. They are locked in a duel, espousing different approaches, and having different cultures.

Databricks announced today that it's making its key technology, Delta Lake, fully open source. Earlier this month, Snowflake said it would rely on a competing open-source technology.