Databricks, an enterprise software company focused on data and analytics, announced this morning that it has surpassed a $1 billion annual revenue run rate. The Wall Street Journal first reported news of the financial result. The milestone comes after the company raised a mammoth $1.6 billion round last August at a $38 billion valuation. At the…
Monthly Archives: August 2022
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Maggie this week for our weekly roundup show, and per usual, there was a lot to talk about, including the fact that there were…
Twitter has filed a legal response denying Elon Musk’s counterclaims about the company he’s supposed to acquire — a deal he’s trying to exit by claiming Twitter fraudulently misrepresented the number of fake accounts on the platform. The 127-page document sees Twitter refuting Musk’s various claims, saying that they are “a made-for-litigation tale that is…
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week. Embedded below is the latest from Chain…
File this post under the apt adage, “All good things must come to an end.” Tonight, the sun sets on early-bird pricing and your chance to save up to $1,300 on passes to TechCrunch Disrupt on October 18–20 in San Francisco. It’s now o’clock: Buy your early-bird pass to TechCrunch Disrupt by 11:59 p.m. PDT…
A new rumor says that an upcoming Google Pixel smartphone will be made using ceramic materials – and if that’s the case it could help solve one of the worst things about my Pixel 6. Don’t get me wrong, I love my Google Pixel 6 – it’s a step up from my Google Pixel 3A…
Traditionally, August is a quiet month for streaming services – a time for audiences to catch up on all the movies and TV shows they may have missed in the preceding months. Not so in 2022. This year, studio bosses have seen fit to bombard subscribers with perhaps more new arrivals than in any month…
Two technologies – integration platform-as-a-service (iPaaS) and enterprise low-code application platforms (LCAP) – are predicted to climb Gartner’s “Plateau of Productivity” within the next two years. The “Plateau of Productivity”, the final stage of Gartner’s Hype Cycle, is where “the real-world benefits of the technologies are demonstrated and accepted”, where growing numbers of organizations feel…
Cisco has announced fixes for three major vulnerabilities found in four different series of its SMB routers. The flaws, should they be exploited, would have allowed threat actors to launch code remotely, or trigger denial of service attacks. Those that are unable to patch immediately are out of luck – there are no workarounds for…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters Stocks have historically bottomed six months before the end of a rate-hiking cycle, Fundstrat said. June may have been that bottom, as investors eye January as the end of the Fed’s…