Benedict Ely

Cloud/Tech/IP attorney. Mensan. coder.

[Ali Ghodsi @alighodsi]

I got this question so many times today. "How can you grow 80% at $7B?"

The true answer is that we're finally seeing a breakthrough with AI agents starting to work in the enterprise.

The AIs have been super smart for a while, but have lacked basic context that's in people's heads, or in some SaaS system-or-record. A lot of organizations are deploying FDEs to capture this context, or Ontology, and feed it to the AI. This is labor intensive and expensive. We just automated that with Genie Ontology.

Once you have that enterprise context graph, an AI agent like Genie becomes magical. I find myself no longer waiting for answers from my CRO, CFO, CMO, CHRO etc, I just keep queuing up questions on the phone while sitting in meetings. It'd frankly addictive.

Our customers are starting to do the same, over 70% of all queries on the platform are now generated by Genie agents. This fuels more questions to the platform, which drives consumption, which drives revenue. That's the simple answer.

[Ali Ghodsi @alighodsi]

Today, we announced that we crossed $7B in revenue run-rate, growing over 80% year over year in Q2.

We also shared:
🚀 $100M+ revenue run-rate for Lakebase
🚀 $1.5B+ revenue run-rate for Lakehouse, growing over 100% year over year
🚀 Continued positive adjusted free cash flow

And we raised $5B in our latest fundraise.

We’ll use this capital to invest in:
1️⃣ Lakebase, our serverless Postgres database built for AI agents
2️⃣ Genie, our AI coworkers that actually understand your business data
3️⃣ Unity AI Gateway, our multi-AI governance solution that helps control costs

@iamVictorDey shares more in @Forbes:

https://t.co/y2LdxysBNi

[Ali Ghodsi @alighodsi]

Excited to share that we've acquired ElectricSQL, the team behind PGlite. Agents need super fast Postgres and this team built an amazing WASM (WebAssembly) implementation of postgres that runs in your browser, but can sync back with Postgres instances asynchronously. Exactly what blazing fast AI agents today need. Excited to supercharge our 𝐋𝐚𝐤𝐞𝐛𝐚𝐬𝐞 𝐏𝐨𝐬𝐭𝐠𝐫𝐞𝐬 offering with these capabilities.

https://t.co/tIww5fLekt

[Ali Ghodsi @alighodsi]

My cofounder Patrick talked to top tech companies about how they control their AI spend and summarized his findings. Highly recommended reading.

[Ali Ghodsi @alighodsi]

@databricks has the fastest and lowest latency on Kimi K3 (max)! Great job by Databricks AI team!

https://t.co/Q3Zw2oNGHE

[Databricks @databricks]

The walls between public clouds are vanishing.
A new open multi-cloud order has risen
from the structures of siloed clouds,
and customers will not rest until
all data teams can thrive together
in an open, unified platform.

[NYSE 🏛 @NYSE]

Nearly 40% of Fortune 500 companies are using @Databricks’ platform to collaborate and solve some of today’s toughest challenges

We talk with CEO Ali Ghodsi #NYSEFloorTalk

[Databricks @databricks]

Databricks wants to replace messy data lakes with more reliable ‘Delta Lake’ https://t.co/F2EltMWZ46 @DeltaLakeOSS via @Mike_Wheatley of @SiliconANGLE

[John Buyers @JohnBuyers1]

thanks to @antonyslumbers for what is a very erudite and perceptive article on the impact of new technologies on the built environment (think AI and real estate). If you only read one article this week, make it this one #ArtificialIntelligence

[Benedict Ely @benedictely]

#analytics #bigdata #datasience #artificialintelligence https://t.co/BZC3StFYei

[Benedict Ely @benedictely]

#AI #ArtificialIntelligence #data @OracleHealthSci https://t.co/O0XRSPdM2U

[Benedict Ely @benedictely]

superb #starttheweek @AndrewMarr9 with @harari_yuval - delayed my start to the week and inbox trawl but well worth it. excellent & thought provoking

[Benedict Ely @benedictely]

need this for our house project #tech #CX #construction #VR https://t.co/va9G8IoaF2

[Benedict Ely @benedictely]

@Oracle #Autonomous #HCM https://t.co/FfGaDyusIh

[Benedict Ely @benedictely]

Data Analytics meet Festival - who'd have thought so much info could be gleaned from a crowd in a field @OracleAnalytics #data https://t.co/8KH17fS9Wr

[Benedict Ely @benedictely]

@OracleMagazine #Cloud #Database #Security https://t.co/8vzR3vDMsw

[Benedict Ely @benedictely]

Oracle Blockchain Opens for Business Today https://t.co/XfyKPrg6sj

[Caroline Apsey @Caz_Apsey]

.@SnowballStudios behind some of the best animations & TV ads moved from Amazon Cloud AWS to Oracle Cloud thanks to more robust performance, nearly 42% saving in infrastructure cost & the flexibility of #cloud credits! https://t.co/IEXMTqlMCJ @OracleCloud #aws #oracle #iaas

[Oracle Cloud @OracleCloud]

Is your business ready for #automation? Tune into the latest episode of the Oracle #Business #Podcast where @JosieCox_London @NeilSholay @RobMcCargow & @jameswoudhuysen explain how it adds value to #SMEs. Listen on Acast: https://t.co/QeDMOHyTpv or iTunes: https://t.co/aTobMPk2Ry