Remember the heydays of cloudera, hortonworks, the big data hype cycle in the recent past. It is instructive to see the current valuation of these high-fliers once.(all these vendors sell to the very same end customers). Look at the current valuation(I know cloud is the current hype thing, just like bigdata was 5 years ago). Further, all the primary cloud players, google, amazon, microsoft has their own cloud dbs.Very competitive market. it is one thing the VCs and their friends pushing it to friendly data centers, market will eventually reveal the "real value". Probably worth $4B or less in an year(after the early and late VCs have cashed out)
With all the hype over last few years, thought they had half a billion revenue, instead a paltry $265MM in 2020(per their chart) and a loss of $365MM. In comparison, teradata has $2B revenue in 2019(market cap < $3B). Just another VC fueled. Wait for an year after IPO. The real value will be clear.