Databricks’ $8 Billion Ask; ServiceTitan IPO Winners

Good afternoon from Las Vegas, where I’m writing this newsletter from a hotel room with a Strip view of the Encore, the hotel where bankers, investors and tech executives will slide from meeting to meeting at Goldman Sachs’ annual private tech confab. Say hi if you’re there. (I’ll be one of the many bald guys roaming around, but I’m younger than average and have a mustache and wire-rimmed glasses.) 

The conference will feature some of the buzziest companies in private tech, including Anduril and Perplexity. Also roaming the halls will be some private tech zombies—startups that lost their edge and are praying they get bought. 

But much of the conference talk will likely be about two firms with compound names that won’t be on stage: Databricks and ServiceTitan. That’s where we focus today’s Dealmaker.