Databricks Customer Base
As of June 2024, Databricks has over 11,500 customers globally. This significant customer base includes a wide range of organizations, from small businesses to large enterprises, across various sectors such as retail, finance, healthcare, and more.
Frequently Asked Questions
- Q: What sectors does Databricks primarily serve?
A: Databricks serves multiple sectors, including retail, advertising, entertainment, financial services, energy, gaming, healthcare, and manufacturing.
- Q: What is Databricks’ average contract value (ACV)?
A: As of June 2024, Databricks’ average contract value (ACV) is approximately $208,696.
- Q: How does Databricks’ revenue model work?
A: Databricks operates on a pay-as-you-go model, charging customers based on their usage, including processing power consumed and duration of use.
- Q: What is Databricks’ valuation as of 2024?
A: Databricks’ valuation reached $62 billion in 2024 following a significant funding round.
- Q: What is Databricks SQL, and how has it performed?
A: Databricks SQL is a data warehousing product that achieved a $600 million revenue run rate by the end of 2024, marking a 150% increase year-over-year.
- Q: How does Databricks support AI applications?
A: Databricks supports AI applications by providing tools for data processing and AI lifecycle management, such as MLflow, which helps manage the machine learning development cycle.
- Q: What is the significance of Databricks’ data lakehouse offering?
A: Databricks’ data lakehouse offering is designed to centralize data processing, combining the benefits of data lakes and data warehouses, potentially becoming the industry standard for data centralization.
Bottom Line
Databricks has established itself as a leading platform for data analytics and AI applications, with a strong customer base and significant revenue growth. Its innovative approach to data processing and management positions it well for future expansion in the rapidly evolving AI sector.