Databricks Raises $10B at $62B Valuation to Fuel AI Growth and [...]

Databricks Raises $10B at $62B Valuation to Fuel AI Growth and Expansion

📅 December 18, 2024 - Global data and artificial intelligence firmDatabrickshas revealed its Series J fundraising. The business has raised $8.6 billion so far and is anticipated to raise $10 billion in non-dilutive investment. Thrive Capital is in charge of this financing, which values Databricks at $62 billion. Databricks plans to use this money for acquisitions, new AI solutions, and a major expansion of its global go-to-market business in order to meet consumer demand.

Due in large part to the extraordinary interest in artificial intelligence, the firm has seen increasing momentum and faster growth (more than 60% year-over-year) in recent quarters.

Andreessen Horowitz, DST Global, GIC, Insight Partners, [...][... Check source for end of article ...]

Tags: AI

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