Capital One Slingshot to expand to Databricks
Slingshot will offer Databricks customers greater visibility into their costs and insights to improve Databricks usage.
June 11, 2024, McLean, VA - Today, Capital One Software, an enterprise B2B software business of Capital One, announced Capital One Slingshot will expand to Databricks. Leveraging Databricks’ System Tables, Slingshot will provide Databricks customers with visibility into cost spikes, help identify their costliest users, jobs and workloads, and offer cost savings insights that show where Databricks usage may not be optimal.
“Slingshot was originally built to better manage and scale Snowflake,” said Ravi Raghu, President, Capital One Software, International, and Business Cards & Payments. “Customers have found tremendous value in that and have been asking when it will be available for Databricks. We’re thrilled to be expanding Slingshot to Databricks to help customers closely monitor their Databricks usage.”
Slingshot will also enable customers who leverage both Snowflake and Databricks to observe costs side-by-side. Customers will be able to view total cost of ownership across platforms and business units, helping them to better predict the total cloud cost through transparent and detailed visualizations.
“Many companies today, including Capital One, are using several cloud-based data platform providers to build a scalable data ecosystem,” explained Desikan Madhavanur, Chief Technology and Product Officer for Capital One Software. “The ability to observe Snowflake and Databricks costs side-by-side will allow our customers to better understand how their organization is using each platform.”
Slingshot for Databricks will be available in private preview in the coming months. Capital One Software is seeking Databricks customers to join the private preview and pilot the new integration. Visit the Capital One Software website to sign up.
About Capital One Software
Capital One Software, an enterprise B2B software business of Capital One, is dedicated to helping businesses accelerate their cloud and data management journeys at scale. Backed by 25 years of data innovation, Capital One Software is focused on providing solutions that help businesses overcome key cloud and data management challenges related to data publishing, data consumption, data governance, and infrastructure management. Building on Capital One’s pioneering adoption of modern cloud and data capabilities to create exceptional customer experiences, Capital One Software will help other companies fully leverage their data to unlock new value for customers and accelerate innovation across areas like AI and ML. Capital One Software is based in McLean, Virginia, at Capital One's headquarters. To learn more, go to: https://www.capitalone.com/software.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company which, along with its subsidiaries, had $348.4 billion in deposits and $478.5 billion in total assets as of December 31, 2023. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches and Cafés located primarily in New York, Louisiana, Texas, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.
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