US EditionDatabricks raises $10bn in the biggest US venture deal this year
- Databricks has raised $10 billion in funding, increasing its valuation to $62 billion, as reported on December 17, 2024.
- The funding round is one of the largest in history and was led by Joshua Kushner's Thrive Capital, with participation from many elite firms.
- Databricks plans to invest the funds in new AI products and acquisitions and expects positive free cash flow for the first time.
- The company serves 10,000 customers, including Block, Comcast, Rivian, and Shell, and aims to enhance AI integration for their applications.
74 Articles
74 Articles
The American company Databricks, which has two Romanian IT professionals among its founders, has reached a value of 62 billion dollars, estimated following the most recent investment round it…
Databricks Raises $10 Billion to Fuel AI and Global Expansion
Databricks Raises $10 Billion to Fuel AI and Global Expansion Databricks, a prominent player in the data and artificial intelligence sector, announced a significant capital infusion, securing $10 billion in a funding round spearheaded by Thrive Capital.The San Francisco-based company aims to leverage these funds to develop innovative AI products, make strategic acquisitions, and broaden its international market reach, as detailed in their lates…
Databricks is raising a gigantic funding round
Databricks' valuation jumped 44% from 2023.Smith Collection/Gado/Getty ImagesDatabricks is raising $10 billion, boosting its valuation to $62 billion.The funding round is led by Thrive Capital and includes major investors like Andreessen Horowitz.Databricks plans to invest in AI products, acquisitions, and international expansion.Databricks is raising $10 billion in its latest funding round, bringing its valuation to $62 billion, the AI startup …
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