US EditionDatabricks builds war chest with $134 billion valuation in latest funding round
Databricks' $4 billion Series L round at $134 billion valuation supports AI product growth, acquisitions, and employee liquidity amid 55% annual revenue surge.
- Databricks achieved a valuation of $134 billion after raising over $4 billion in funding, marking a 34% increase from its previous valuation of $100 billion just three months prior.
- The company reported a revenue run-rate exceeding $4.8 billion during the third quarter, reflecting a 55% year-over-year growth, including over $1 billion from AI products.
- Databricks plans to invest in AI-driven applications, support acquisitions, and expand its workforce globally.
- Co-Founder and CEO Ali Ghodsi stated that Databricks is helping enterprises to build intelligent applications by leveraging generative AI and new coding paradigms.
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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in data and artificial intelligence, which has between founders and two Romanian IT-originating companies, has withdrawn over $4 billion in a new financial round, which evaluates the company to...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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