Databricks Raises $5 Billion at $190 Billion Valuation as Revenue Run Rate Tops $7 Billion
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Databricks, the American company specialized in data and artificial intelligence, launched by a group of IT-isties including billionaires Ion Stoica and Matei Zaharia, considered the richest Romanians, announced that it has completed the most recent round of funding, of $5 billion, after which the company was evaluated at ...
Databricks Raises $5 Billion at $190 Billion Valuation as Revenue Run Rate Tops $7 Billion
Databricks has raised $5 billion at a $190 billion valuation after investor demand for the round reached roughly $15 billion, according to co-founder and CEO Ali Ghodsi. The funding comes as the data and AI company surpasses a $7 billion annualized revenue run rate and continues to expand its AI products and acquisition activity. Databricks originally intended to raise about $1 billion, Ghodsi told TechCrunch. Interest increased after reports ab…
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