Global law firm Dentons has advised the shareholders of 8080 Labs GmbH on the sale of all shares in the company to US-based technology unicorn Databricks. The parties have agreed not to disclose the purchase price.

Frankfurt-based software startup 8080 Labs is best known for its Bamboolib application, which enables software developers to quickly and easily analyze and process large amounts of data without having to write program code. 8080 Labs offers both a free community edition of the program and a paid pro edition with additional features for enterprise customers.

Databricks is one of the highest valued unicorn companies in the US, with a valuation of US$38 billion following its US$1.6 billion Series H funding round in August 2021. Databricks specializes in big data and artificial intelligence (AI) solutions for enterprises. Headquartered in San Francisco, it has offices around the globe and serves more than 5,000 corporate clients worldwide, including more than 40 percent of the Fortune 500 companies. As part of the acquisition, Databricks plans to integrate Bamboolib’s capabilities into its platform, expanding its own “low-code/no-code” capabilities that do not require programming skills from users.

Dentons’ Venture Technology team from Frankfurt and Munich advised the shareholders, consisting of the two founders and several investors, on the transaction. Dr. Gesine von der Groeben has been advising 8080 Labs and its shareholders on corporate law issues for several years.