Last year, investors put a total of $61 billion into rounds of $500 million or more for U.S. venture-backed, private companies, Crunchbase data shows. That comprises a whopping 34% of total funding.

Databricks, a non-public company, thrives on AI and data analysis via its Lakehouse platform. Though not yet IPO-ed, Databricks might go public post-market improvement, as per its CEO. Investors ...

Internal documents reviewed by Forbes show that Kliger, who has been working on Musk’s haphazard effort to slash the government’s workforce, remains a senior software engineer at Databricks.

The role of data is central in developing generative AI apps, said Frankle. Frankle came to Databricks when it bought the machine learning startup he was working for, MosaicML, in 2023.