Databricks is buying data optimization startup Tabular

Databricks is buying data optimization startup Tabular

Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks Data analytics software maker Databricks said in a statement on Tuesday that it’s acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring … Read more

Software stocks got pummeled this week on troubling earnings reports

Software stocks got pummeled this week on troubling earnings reports

Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Add it all up and it was a brutal week for software and … Read more

Glean is worth $2.2 billion as Citigroup, Databricks, Workday invest

Glean is worth .2 billion as Citigroup, Databricks, Workday invest

Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif. Glean Artificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. The Silicon Valley company also reeled in cash from Wall Street. Glean, whose software sifts through corporate … Read more