Databricks Data Warehousing Sales Surge

Databricks Inc. reported that its data warehousing business has experienced substantial growth, more than doubling in size over the past year. This segment of their business has now achieved an annual run rate of $1.5 billion. Databricks operates as a privately held software company and is a direct competitor to other major players in the data analytics and cloud computing space, including Snowflake Inc. and Alphabet Inc.'s Google.