"CEO Ali Ghodsi said at a conference Nov. 20 that he's optimizing for the success of Databricks over the next decade or two, not optimizing for an IPO."
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"In addition, according to Fortune's Term Sheet blog, which broke the news, Databricks founder and CEO Ali Ghodsi and Einblick co-founder Tim Kraska attended university together in Berkeley."
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"Databricks CEO Ali Ghodsi told VentureBeat on a video call that the new funding round is "really about the strategic nature of the partnerships and investors that we brought in into this round."
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"Databricks CEO Ali Ghodsi isn't talking about an IPO now, but at least he's not expressing concerns about his company's capital position. "
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"Volatility in the stock market "doesn't affect IPO timing," Ali Ghodsi said in an interview, voicing a divergent view to many of his peers. "
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"Planning for the new fund began when "Andreessen Horowitz alerted us and said 'We're seeing a lot of pitches with lakehouse in them,'" Databricks Chief Executive Officer Ali Ghodsi said. "
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"With the addition of Bamboolib as well as Redash, which Databricks acquired last year, CEO Ali Ghodsi says that the Databricks platform will better allow people to perform data tasks without placing demand on engineers to reimplement them for production."
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"Databricks just raised a $1.6 billion investment round at a $38 billion valuation in August, which CEO Ali Ghodsi said will go into speeding up its "data lakehouse" strategy to take on rivals like $90 billion Snowflake."
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"com Inc., Microsoft Corp. and Google parent Alphabet Inc. -all boosted their investments in the startup, Databricks Chief Executive Ali Ghodsi said in an interview."
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"Cofounder and CEO Ali Ghodsi says that the capital will be used to support Databricks' product development, customer adoption, and the evangelization of "data lakehouse." Data lakehouses - a term that came into vogue in 2020 - are data management architectures that combine data lakes, which store structured and unstructured data, with data warehouses, which perform queries and analysis. "
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"Some of those deals made headlines: Databricks pulled in a behemoth $1 billion round in February - CEO Ali Ghodsi told Insider he had to turn potential investors away - and UiPath pulled in $2 billion in VC funding before it went public in April."
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