US EditionDatabricks builds war chest with $134 billion valuation in latest funding round
Databricks achieved a 55% revenue growth to a $4.8 billion run rate, with AI products generating over $1 billion, to fund AI product development and acquisitions.
- Databricks announced it is raising $4 billion in a funding round, valuing the company at $134 billion, on Tuesday.
- The company plans to use the capital to support app building and accelerate AI-driven development.
- This funding marks Databricks' third significant venture fundraise in less than a year, focusing on products for the AI revolution.
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The US Databricks company, specialized in data and artificial intelligence, which has between founders and two Romanian IT-originating companies, has withdrawn over $4 billion in a new financial round, which evaluates the company to...
Databricks Snags $4B in Funding as AI Keeps Investors Enthralled
Why IPO when you can Series L? That’s the question Databricks is answering this week with the announcement that it’s raising more than $4 billion in its latest funding round. That puts its valuation at $134 billion — a 34% jump from a previous funding round over the summer. This one was led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management, with additional participation from Andreessen Horowitz. Gone a…
Databricks raises $4B at $134B valuation as its AI business heats up
The data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation — up 34% from the $100 billion valuation that it achieved just three months ago.
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