$6.2 billion AI startup Databricks, which is rolling out a new strategy this week, has a stockpile of more than $500 million to ride through the recession to an IPO thanks to CEO's 'sky is falling' paranoia

$6.2 billion AI startup Databricks, which is rolling out a new strategy this week, has a stockpile of more than $500 million to ride through the recession to an IPO thanks to CEO's 'sky is falling' paranoia

Business Insider

Published

· Ali Ghodsi, the CEO of artificial intelligence firm Databricks, was so paranoid about an economic downturn that the company raised two rounds of funding in under six months from the likes of Andreessen Horowitz.
· Now the company has "well over half a billion dollars on its balance sheet" left to ride out the recession to an...

Full Article