Databricks vs Domo

Blackbaud Unveils Platform for Good, Unified Social Impact OS

Blackbaud, a leading provider of AI-powered solutions for the social impact sector, announced the launch of Platform for Good™, described as the industry's first unified operating system. This platform integrates data, AI, and workflows into a single connected pipeline. It comprises three layers: the Data Core, Intelligence Layer, and Action Layer. The announcement includes several innovations: Lantern, a domain-specific language model for fundraising intelligence developed with Databricks; an expansion of Agents for Good™, including the Development Agent and new Data Health Agent; the rebuilt Raiser's Edge NXT® as a native cloud, AI-powered fundraising CRM; the introduction of Blackbaud Marketing™; new financial workflows with an Accounts Payable Agent, Payment Assistant™ (with BILL), and Deposit Connect™; and the Higher Education Connected Campus solution developed with Student First. These innovations were unveiled at Blackbaud's annual customer conference, bbcon, and are designed to help organizations identify growth opportunities and expand capacity.

• Blackbaud announced Platform for Good™, a unified operating system for social impact, at its bbcon conference.
• The platform comprises a Data Core, an Intelligence Layer powered by the Social Impact Signal Graph, and an Action Layer with AI assistants and agents.
• Blackbaud introduced Lantern, a domain-specific language model for fundraising intelligence, developed with Databricks.

Evalueserve Partners with Databricks to Accelerate Data and AI

Evalueserve, a global domain-led AI services firm, has announced a partnership with Databricks, the Data and AI company, to help enterprises modernize their data environments, strengthen data governance, and build trusted foundations for scaling analytics and AI. The collaboration combines the Databricks Data + AI Platform with Evalueserve's data engineering, AI, and domain expertise. Initial solutions include a Private Credit Intelligence Accelerator, a Data Quality Framework, and Automodel Generators. Evalueserve aims to deliver repeatable solutions that make complex enterprise data more usable and trusted, enabling organizations to accelerate AI adoption at scale.

• Evalueserve announced a partnership with Databricks.
• The partnership aims to help enterprises modernize data environments and scale AI.
• Initial solutions include Private Credit Intelligence Accelerator, Data Quality Framework, and Automodel Generators.

Databricks Acquires Row Zero, Plans More Startup Acquisitions

Databricks announced the acquisition of Row Zero, a startup offering cloud-based spreadsheets that can handle over a million live rows. The acquisition was driven by Databricks' finance team, who used Row Zero with Databricks' AI agent Genie for natural-language data queries. By integrating Row Zero, Databricks aims to provide a secure, spreadsheet-based interface for interacting with enterprise data, combining BI, AI agents, and familiar spreadsheet tools. Financial terms were not disclosed. Row Zero had raised $10 million in May 2025 at a $40 million valuation. Databricks, with $7 billion in annualized revenue, has been actively acquiring startups in 2026, including Quotient AI, SiftD.ai, Panther, and Electric, and plans more acquisitions. CEO Ali Ghodsi emphasized the strategic importance of spreadsheets as a user-friendly data interface.

• Databricks acquired Row Zero, a cloud spreadsheet startup.
• Row Zero was founded by former AWS and Tableau engineers.
• Row Zero raised $10 million in May 2025 at a $40 million valuation.

10-Q Financial Filing Analysis for Domo (2026-09-03)

For the second quarter ended July 31, 2026, Domo reported total revenue of $76.8 million, down 4% year-over-year, and a GAAP net loss of $9.6 million compared to a net loss of $22.9 million in the prior-year period. Subscription revenue represented 92% of total revenue at $70.4 million. The company faced severe liquidity and covenant compliance issues, remaining in breach of its credit facility's minimum annualized recurring revenue covenant as of April 30, 2026, and July 31, 2026, resulting in substantial doubt about its ability to continue as a going concern. To resolve its debt default and secure liquidity, Domo entered into a definitive Asset Purchase Agreement on July 22, 2026, with Progress Software Corporation. Progress will acquire substantially all operating assets, the platform, customer contracts, and subsidiaries for $400 million in cash. Domo will use the proceeds to repay its $137.2 million debt obligations in full, retain its net operating loss (NOL) carryforwards, and transition into a debt-free holding company trading under a new ticker symbol.

• Domo signed a definitive agreement on July 22, 2026, to sell substantially all operating assets and business to Progress Software for $400 million in cash.
• The company remained out of compliance with its debt covenants as of July 31, 2026, operating under a forbearance agreement requiring sale completion by November 30, 2026, to pay off $137.24 million in debt.
• Q2 revenue reached $76.78 million (down 4% YoY) with a net loss of $9.62 million and cash/cash equivalents of $25.07 million.

8-K Financial Filing Analysis for Domo (2026-09-22)

On September 22, 2026, Domo, Inc. completed the sale of substantially all of its business assets and transferred its operational employees to Progress Software Corporation pursuant to the July 22, 2026 Asset Purchase Agreement. Domo received approximately $221.0 million in net cash proceeds upon closing, retaining its net operating loss (NOL) carryforwards. Concurrently, the company terminated and fully repaid its Amended and Restated Loan and Security Agreement with Obsidian Agency Services and Wilmington Trust, while also repurchasing outstanding warrants for approximately $10.0 million. Following the divestiture, the corporate entity was rebranded as Huckleberry.ai, Inc. via a short-form subsidiary merger, and its Class B Common Stock ticker on the Nasdaq Global Market will change from 'DOMO' to 'HUCK' effective September 24, 2026.

• Completed the asset sale of Domo's core BI and analytics software business to Progress Software Corporation for approximately $221.0 million in net cash proceeds, retaining tax NOL carryforwards.
• Repaid in full and terminated the August 2023 Amended and Restated Loan and Security Agreement, releasing all associated liens and discharging outstanding debt obligations.
• Rebranded the corporate entity to Huckleberry.ai, Inc., repurchased outstanding warrants for $10.0 million, and announced a Nasdaq ticker change from 'DOMO' to 'HUCK' effective September 24, 2026.

New Product Features and AI Announcements Shared at Domo Connections 2026

Domo announced new product features and AI capabilities at its Domo Connections 2026 event, as highlighted in a blog post dated September 18, 2026.