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639 Inside Databricks’ Contrarian Playbook: Burn $1.5 Billion to Buy Big Growth

The Information
Cory Weinberg @ The Information · 09/11/2023 18:54 EDT

Inside Databricks’ Contrarian Playbook: Burn $1.5 Billion to Buy Big Growth

Much of the startup world has gotten a clear message from investors: Stop bleeding cash. Databricks, one of the software startups trying to benefit most from rabid corporate interest in artificial intelligence, is taking a different tack—and getting rewarded for it.

Databricks, on the verge of raising a new round of funding at a $43 billion valuation, more than doubled its cash burn last year to $430 million and expects to burn a combined $900 million over this fiscal year and next before generating cash s

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