We launched Databricks Ventures in December 2021 as our strategic funding arm for funding progressive startups throughout the information, 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 superb corporations which are constructing on or extending the Databricks Information Intelligence Platform. The end result has been a stronger ecosystem, with our portfolio corporations delivering best-in-class product experiences for our joint clients.
Immediately, we’re excited to announce the Databricks AI Fund, the second fund at Databricks Ventures. Simply as software program ate the world, we consider 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 technology of founders and startups on this critically necessary ecosystem.
To bolster the ecosystem across the Databricks Information Intelligence Platform, we can be aggressively looking for out investments in progressive, early- to growth-stage startups which are using or enabling AI in progressive methods on prime 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 information intelligence for the advantage of our joint clients.
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 different investments, we’ve got cast deeper companion and integration relationships throughout the AI worth chain that profit our portfolio corporations and our widespread clients — 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 immediately 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.
