Comment by djrj477dhsnv 4 days ago
How is this company worth even 1% of that?
Their product looks like basic wrappers for managing postgres instances and dashboards. Why would anyone with even minimal technical expertise pay for a generic service like that?
we have databricks at my company 50m ARR, 150 employee. With 0 full time Data Engineer (1 data scientist + 1 db admin manages everything on there as part time jobs). We are able to have data from like 100 transactional database tables, Zendesk, all our logs, every single event from eveery user in our mobile application, banking data all in 1 place. We are a 2-sided marketplace, we can easily get 360 degree data on our B2B customers, B2C customers, measure employee producting.
My team of 3 data scientists are able to support a a culture of experimentation, data-informed decision making and support the entire org, and we are still growing 15% YoY.
And we do all that 30k annual spend on databricks. That's less than 1/5 the cost of 1 software engineer. Excellent value for money if you ask me.
i struggle to imagine how else we can engineer a hub for all of our data and manage permissions appropriately at less tooling and engineering cost
no we don't. Our plan includes some support, but we honestly haven't needed it. We are also aggressive about sizing compute resources to the task, and foregoing some of the more costly "easier serverless options" that databricks provides. Their serverless SQL though is excellent value for money.
A company that does $4B in revenue at nice margins should be worth more than $1B.
what screen are you even looking at when you log on to databricks? does your admin not provide you any access?
Not sure if this reply was meant for me, but I've never even heard of databricks until today. I had just taken a look at their website.
At my company we just use a large self-managed postgres server and I access it directly.
A lot of people purchasing their products have a vague understanding of the problem they're trying to solve and an even worse grasp of how dbx solves it for them. I'm living this first hand.