Definitely seem like bad investments from my perspective on databricks.

Databricks is great at offering a "distributed spark/kubernetes in a box" platform. But its AI integration is one of the least helpful I've experienced. It's very interuptive to a workflow, and very rarely offers genuinely useful help. Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI.

I don't mean to rant, there's lots that is useful in databricks, but it doesn't seem like this funding round is targeting any of that.

>Most users I've seen turn it off, something databricks must be aware of because they require admins permission for users to opt out of AI.

This is a very worrying trend of having AI enabled by default that you cannot turn it off unless you're the admin.

First I've heard of this, but I don't work in tech. Absolutely insane behavior.

Yeah doesn’t seem like core functionality

Everybody wants a pie in that AI bubble, whether it sticks or not, and that's a bad thing for companies' long term vision.

It might come down like the dotcom bubble like fallout when this thing bursts.

The first major misstep? Brother they already raised A, B, C, D, E, F, G, H and I. At what point do you end the suffering?

My personal theory of startups starts with "Series F is for F*cked", I have no idea what it takes to get to a Series K...

Anyone investing is in a k hole

i don't think that it is possible to raise a 100 billion without name dropping ai in every sentence in every meeting you have with a potential investor....

They are not raising $100B, they are raising money at a valuation of $100B.

what is the investor thesis for coming in with such a multiple? You know they will have to find a a greater fool, possibly the public to buy at an even higher ratio to break any profit on that....

This isn't really venture investing at this point. The valuation risk calculation is very different for preferred shares than common stock, and with a healthy ARR they have very little risk (maybe not much profit, but it's not that different than a bond on some level...).