The Financial Post reports in its Saturday edition that Silicon Valley's Databricks, a fast-growing data and artificial intelligence company, opened its second Canadian office in Vancouver on July 31, following Toronto. Postmedia's Yvonne Lau writes that the launch event aimed to connect with local tech talent as the company approaches a $100-billion (U.S.) valuation. The Vancouver office will serve as a key global research and development hub that will work on some of the company's "most strategic efforts," according to Databricks director Ken Wong. He said the company currently employs hundreds of staff across Canada and "anticipates growing more in the months ahead" as well as expanding its Canadian office space in the future to accommodate larger staff numbers. Databricks makes software that helps companies analyze their vast stores of data and build enterprise technology tools. Databricks serves over 15,000 global clients, including major Canadian companies like Canada's largest banks, Canadian Tire, Rogers Communications, Lululemon and the Canada Pension Plan Investment Board. The company also has numerous undisclosed contracts with other Canadian corporations.