AI, Databricks, enterprise AI, data platforms, Series L [...]


AI, Databricks, enterprise AI, data platforms, Series L funding, generative AI, data warehousing, B2B technology, AI applications


AI, Databricks, enterprise AI, data platforms, Series L funding, generative AI, data warehousing, B2B technology, AI [...]

📅 - Databricks has announced one of the largest private funding rounds in the technology sector to date, revealing it is raising more than $4 billion in a Series L investment that values the company at $134 billion. The announcement underscores Databricks' rapid ascent as enterprises increasingly prioritize data-driven artificial intelligence, and it positions the company among the most highly valued private software firms globally.

Alongside the funding news, Databricks disclosed that it surpassed a $4.8 billion annualized revenue run rate during its third quarter, growing more than 55 percent year over year while maintaining positive free cash flow over the past 12 months.

The company's [...][... Check source for end of article ...]
Tags: AI

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