Databricks projects $4 billion in annual revenue on surging AI demand
Analytics firm Databricks was on track to hit $4 billion in annual revenue, up more than 50% from the prior year, on the back of surging demand for its AI products.
In the second quarter, the company serving around 15,000 customers including energy major Shell and electric-vehicle maker Rivian, surpassed a $4 billion revenue run rate, with AI products reaching $1 billion.
