Insight announces Databricks' $5 billion funding round
Databricks reported closing $5 billion at a $190 billion valuation, surpassing a $7 billion revenue run-rate with over 80% YoY growth. Insight Partners continues to support the company.
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In short: Insight backed major funding rounds for Databricks and Wonderful while scaling its global AI investment and operational support programs.
Databricks reported closing $5 billion at a $190 billion valuation, surpassing a $7 billion revenue run-rate with over 80% YoY growth. Insight Partners continues to support the company.
The funding reflects confidence in Spur's product portfolio and the IP intelligence market. Managing Director Thomas Krane emphasizes the need for visibility into internet traffic infrastructure.
The funding round comes eight months after Mate's stealth launch, bringing total funding to over $50M.
Kabal's platform serves 7,500 energy companies; Insight helped acquire Trackit Energy and IronSight for onshore and personnel logistics.
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