Big data analytics and machine learning company Databricks Inc. is planning to make its stock market debut in the first half of next year, according to a report late Friday in Bloomberg.
Unnamed sources with knowledge of the matter told Bloomberg that Databricks has already held talks with banks over an initial public offering, though it has not yet hired any underwriters. The report adds that Databricks’ plans could still change.
Led by co-founder and Chief Executive Ali Ghodsi (pictured), Databricks is best known for its Unified Data Analytics Platform that’s based on the open-source Apache Spark big-data framework. Companies use Databricks’ software to build information pipelines across siloed storage systems, analyze that data and then prepare labeled data sets that can be used to train artificial intelligence and machine learning models.
In addition, Databricks’ software comes with collaborative features that help to foster better communication between data scientists and