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🚨Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored
Databricks recently completed a record-breaking $10 billion fundraising round, attracting significant interest from investors, including Insight Partners and Thrive. The deal's valuation quickly escalated from approximately $8 billion to $10 billion, reflecting strong institutional demand for Databricks' offerings, especially in the AI and data infrastructure space.
CEO Ali Ghodsi initially sought advice from Insight's George Mathew about entering the data warehousing market, to which Mathew responded negatively. However, Ghodsi's decision to launch Databricks SQL has proven successful, positioning the company as a major competitor to Snowflake. Databricks is now on track for a $3 billion revenue run rate, highlighting its growth and the increasing relevance of high-quality data in the age of large language models.
🚨Insight VC describes Databricks’ wild $10B deal and the bad advice the CEO ignored
Databricks recently completed a record-breaking $10 billion fundraising round, attracting significant interest from investors, including Insight Partners and Thrive. The deal's valuation quickly escalated from approximately $8 billion to $10 billion, reflecting strong institutional demand for Databricks' offerings, especially in the AI and data infrastructure space.
CEO Ali Ghodsi initially sought advice from Insight's George Mathew about entering the data warehousing market, to which Mathew responded negatively. However, Ghodsi's decision to launch Databricks SQL has proven successful, positioning the company as a major competitor to Snowflake. Databricks is now on track for a $3 billion revenue run rate, highlighting its growth and the increasing relevance of high-quality data in the age of large language models.
Telegram has exploded as a hub for cybercriminals looking to buy, sell and share stolen data and hacking tools, new research shows, as the messaging app emerges as an alternative to the dark web.An investigation by cyber intelligence group Cyberint, together with the Financial Times, found a ballooning network of hackers sharing data leaks on the popular messaging platform, sometimes in channels with tens of thousands of subscribers, lured by its ease of use and light-touch moderation.
Telegram auto-delete message, expiring invites, and more
elegram is updating its messaging app with options for auto-deleting messages, expiring invite links, and new unlimited groups, the company shared in a blog post. Much like Signal, Telegram received a burst of new users in the confusion over WhatsApp’s privacy policy and now the company is adopting features that were already part of its competitors’ apps, features which offer more security and privacy. Auto-deleting messages were already possible in Telegram’s encrypted Secret Chats, but this new update for iOS and Android adds the option to make messages disappear in any kind of chat. Auto-delete can be enabled inside of chats, and set to delete either 24 hours or seven days after messages are sent. Auto-delete won’t remove every message though; if a message was sent before the feature was turned on, it’ll stick around. Telegram’s competitors have had similar features: WhatsApp introduced a feature in 2020 and Signal has had disappearing messages since at least 2016.
