Category: business

Vietjet rolls out Holi & Spring travel offers for Indian flyers with free checked baggage and […]

Mumbai, Feb 11: Allcargo Terminals Limited (ATL) has announced its financial results for the quarter ended […]

Mumbai, Feb 11: Central Depository Services (India) Limited (CDSL), Asia’s first listed depository and custodian of […]

Gurugram, Feb 11:  BSH Home Appliances Pvt. Ltd., a subsidiary of BSH Hausgeräte GmbH and a […]

Mumbai, Feb 10:  Sattva Group, one of India’s long-standing real estate developers, today announced its formal […]

Feb 10:  Databricks, the Data and AI company, today announced it crossed a $5.4 billion revenue run-rate, delivering >65% year-over-year growth during its 4. Building on this momentum, Databricks is completing investments in the company in excess of $7 billion, including ~$5B of equity financing at a $134 billion valuation and ~$2B of additional debt capacity. With this new funding, the company will accelerate Lakebase, its serverless Postgres database built for AI agents, and Genie, its conversational AI assistant that lets any employee chat with their data. This financing drew strong participation from both new and returning investors. JPMorgan Chase expanded its investment in the company through its Security and Resiliency Initiative’s newly formed Strategic Investment Group. In addition to previously disclosed participants in the Series L round, the additional close also included Glade Brook Capital, Growth Equity at Goldman Sachs Alternatives, Microsoft, Morgan Stanley, funds affiliated with Neuberger, Qatar Investment Authority (QIA), funds associated with UBS, and others. The credit facilities were led by JPMorgan Chase Bank, N.A., alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from other leading financial institutions and alternative asset managers. Financial momentum This investment follows continued strong momentum across Databricks’ business in Q4: Surpassing a $5.4 billion revenue run-rate, growing >65% year-over-year. Delivering positive free cash flow over the last 12 months. Crossing a $1.4 billion revenue run rate for its AI products. Sustaining a net retention rate of>140%. >800 customers consuming at over $1 million annual revenue run-rate. >70 customers consuming at over $10 million annual revenue run-rate. “We’re seeing overwhelming investor interest in our next chapter as we go after two new markets,” said Ali Ghodsi, co-founder and CEO of Databricks. “With this new capital, we’ll double down on Lakebase so developers can create operational databases built for AI agents. At the same time, we’re investing in Genie to let every employee chat with their data, driving accurate and actionable insights.” “Databricks is a generational company that has become a backbone for enterprise data and AI, helping organizations across critical sectors seize opportunities and overcome challenges,” said Todd Combs, Head of the Strategic Investment Group for JPMorganChase’s Security and Resiliency Initiative. “This […]

As India’s pharmaceutical sector continues its rapid evolution—driven by digital transformation, regulatory complexity, global expansion, and […]

Valentine’s Day is a celebration of love, togetherness, and the thoughtful moments that make everyday living […]

Mumbai, Feb 10:  Sky Gold and Diamonds Limited, today announced its Q3FY26 results for the quarter […]

Bengaluru, Feb 10: The Flipkart Group today announced two senior leadership appointments, further strengthening its finance […]