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Databricks Secures Funding at $134 Billion Valuation

1 min read
Source: CNBC
Databricks Secures Funding at $134 Billion Valuation
Photo: CNBC
TL;DR

Databricks has raised $4 billion in a funding round valuing the company at $134 billion, marking a 34% increase from its previous valuation, with the funds aimed at supporting AI development and customer app building. The company reported a revenue run-rate of over $4.8 billion and a 55% year-over-year growth, continuing its trend of staying private longer to capitalize on private market funding opportunities.

Topics:business#artificial-intelligence#business#databricks#funding#private-companies#valuation
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  1. Databricks raises capital at $134 billion valuation in latest funding round  CNBC
  2. Exclusive | Databricks Is Raising Funds at $134 Billion Valuation  The Wall Street Journal
  3. Data and AI firm Databricks valued at $134 billion in latest funding round  Reuters
  4. Snowflake, Oracle Rival Databricks Hits $134B Valuation on Fresh Raise  TipRanks
  5. Snowflake Rival Databricks Raising New Funds At $134 Billion Valuation For AI Startup  Investor's Business Daily

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