$38 billion software start-up Databricks makes acquisition to leave code behind – CNBC

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$38 billion software start-up Databricks makes acquisition to leave code behind – CNBC

Databricks, which was recently valued at $38 billion by investors, is putting some of that money to work in its second-ever acquisition, of German no-

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Databricks, which was recently valued at $38 billion by investors, is putting some of that money to work in its second-ever acquisition, of German no-code start-up 8080 Labs.

8080 Labs makes bamboolib, a data exploration tool that does not require coding to use, bringing what has become one of the most-popular trends in enterprise development — the rise of low-code/no-code solutions — to Databricks’ Lakehouse Platform.

The company said in a release that 8080 Labs’ software works on “clicks, not code.”

Deal terms were not disclosed.

In June 2020, Databricks acquired Redash, an Israeli open-source tech company focused on data visualization.

“Bringing simple capabilities to Databricks is a critical step in empowering more people within an organization to easily analyze and explore large sets of data, regardless of expertise,” Ali Ghodsi, co-founder and CEO of Databricks, said in a release on Wednesday.   

Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco, California, U.S., on Tuesday, Oct. 22, 2019.

David Paul Morris | Bloomberg | Getty Images

Recent Databricks’ investors Amazon and Google are among the tech giants that have been increasing their own focus on low-code and no-code solutions, with Google acquiring AppSheet in 2020 and Amazon launching its Honeycode later that year. Microsoft, which offers its Power Apps and has claimed it is the fastest-growing business app ever for the company, also sees low-code/no-code solutions as a key source of revenue growth, expecting 500 million new apps to be built in the next half-decade, which is more than all the apps built in the last 40 years.

“If that’s true, 450 million have to be built with a low-code tool,” Charles Lamanna, corporate vice president of the citizen applications platform at Microsoft, told CNBC last year. “There are not enough humans to code fast enough to build that many.”

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