US EditionData and AI firm Databricks valued at $134 billion in latest funding round
Databricks raised $4 billion in its third major funding this year to grow AI products and add thousands of jobs while reaching a $4.8 billion revenue run rate, up 55%.
9 Articles
9 Articles
The Mercury news
siliconvalley.comDatabricks is raising $4 billion at $134 billion valuation
(Bloomberg/Mark Bergen and Brody Ford) — Databricks is raising over $4 billion in a new funding round that values the software firm at $134 billion, another example of how some tech companies are achieving massive scale without going public. The new financing is being led by Insight Partners, Fidelity Management & Research Co. and JP Morgan Asset Management, with participation from Andreessen Horowitz, it said in a statement Tuesday. The funding…
Databricks raises $4B at $134B valuation as its AI business heats up
The data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation — up 34% from the $100 billion valuation that it achieved just three months ago.
Data and AI firm Databricks valued at $134 billion in latest funding round
Dec 16 : Databricks has raised more than $4 billion at a valuation of $134 billion, it said on Tuesday, the latest example of investors betting big on the transformative power of artificial intelligence. The series L funding round was led by Insight Partners, Fidelity Management & Research Company and J.P. Mo
Databricks, the data analysis company and artificial intelligence co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced that it would attract a $4 billion funding to an assessment of $134 billion, according to the CNBC. The evaluation exceeds the estimates of $130 billion spent last month on vehicles.
Driven by the financial benefits of its platform, which allows organizations to transform their data into concrete applications thanks to AI, the Californian firm is more than doubling its value in one year. In this period, Databricks has chained three rounds of funding.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
