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Databricks on track for $1 billion in 2022 revenue: Pete Sonsini, NEA

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Ali Ghodsi, co-founder and CEO of Databricks.

Databricks

San Francisco-based start-up Databricks was growing fast into a respected provider of cloud software for managing data on behalf of companies, doubling its revenue on an annualized basis. Then came the coronavirus pandemic.

The health crisis strapped the film, hospitality, and travel sectors of the economy. But for the technology industry, Covid turned out to be a crucible, revealing which technologies were necessary and which were not.

“There was a little bit, maybe a month or two, when everybody was frozen in time as to what was going to happen,” said Pete Sonsini, an investor at New Enterprise Associates who joined Databricks’ board…



Source cnbc.com

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