What Databricks's $1.6 billion funding round means for the enterprise AI market

The latest winner of the growing interest in enterprise AI is Databricks, a startup that has just secured $1.6 billion in series H funding at an insane valuation of $38 billion. This latest round of investment comes only months after Databricks raised another $1 billion. Databricks is one of several companies that offer services and products for unifying, processing, and analyzing data stored in different sources and architectures. The category also includes Snowflake, which made a massive IPO last year and has a market cap of $90 billion, and C3.ai, another enterprise AI company that went public last year. Why are investors enamored with companies like Databricks?