Introducing the Databricks AI Fund
We launched Databricks Ventures in December 2021 as our strategic funding arm for funding progressive startups throughout the info, analytics and AI panorama — corporations that shared our view on the significance of open platforms and ecosystems. Since then, by way of the inaugural Lakehouse Fund, we’ve invested in additional than 25 wonderful corporations which can be constructing on or extending the Databricks Information Intelligence Platform. The outcome has been a stronger ecosystem, with our portfolio corporations delivering best-in-class product experiences for our joint prospects.
In the present day, we’re excited to announce the Databricks AI Fund, the second fund at Databricks Ventures. Simply as software program ate the world, we imagine AI is now consuming software program. As such, the tempo of change within the AI ecosystem has dramatically accelerated. The period of AI within the enterprise has arrived, and our new AI Fund embodies Databricks Ventures’ dedication to supporting a brand new era of founders and startups on this critically essential ecosystem.
To bolster the ecosystem across the Databricks Information Intelligence Platform, we might be aggressively searching for out investments in progressive, early- to growth-stage startups which can be using or enabling AI in progressive methods on high of or alongside our platform. These corporations will share our imaginative and prescient for an open ecosystem and our dedication to utilizing the facility of knowledge intelligence for the advantage of our joint prospects.
Simply since final fall, we’ve introduced investments in six AI-focused corporations: Anomalo, Cleanlab, Glean, Mistral AI, Perplexity and Unstructured. These portfolio corporations fall in very totally different sectors of the panorama — from open-source LLM growth (Mistral AI) to AI-powered knowledge high quality monitoring (Anomalo) — however all leverage the facility of AI to ship superior buyer experiences. And with these various investments, we now have solid deeper accomplice and integration relationships throughout the AI worth chain that profit our portfolio corporations and our widespread prospects — and assist us construct a powerful, differentiated ecosystem across the Databricks platform.
We’re much more enthusiastic about the way forward for knowledge and AI at the moment than we have been in 2021 — and Databricks Ventures is able to assist a brand new set of founders and entrepreneurs construct AI-first corporations.
