Databricks Raises $10 Billion in Massive Funding Round, Delaying IPO Plans

When Ali Ghodsi Almost Fell Off the Chair

"Suddenly, we saw $19 Bn of interest," recalls Databricks CEO, saying unlike anything witnessed before. Databricks chief Ali Ghodsi, in a recent interview with Axios, candidly credited media leaks for creating a frenzy among investors. "The press leaks it, and then your phone explodes with

Databricks valued at $62B after massive $10B funding round

Databricks has raised $10 billion in its latest funding round, raising its valuation to $62 billion. This significant investment comes from major venture capital firms such as Thrive Capital, Andreessen Horowitz, Insight Partners, and Iconiq Growth. The funding aims to bolster Databricks' capacity

Databricks raising mammoth $10B funding round at $62B valuation - SiliconANGLE

Cloud data platform provider Databricks Inc. today announced that it's raising a $10 billion Series J funding round at a $62 billion valuation. The investment doesn't come as a surprise. Rumors that Databricks is in the process of raising capital first emerged last month, when sources told CNBC

'It's dumb to IPO this year': Databricks CEO explains why he's waiting to go public

Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital. Naturally, technology investors were quick to ask what this means for the company's highly anticipated IPO. During an event in San Francisco on Tuesday night, Databricks CEO Ali Ghodsi

Databricks is Raising $10B Series J Investment at $62B Valuation

Funding led by new investor Thrive Capital Company expects to cross $3B in revenue run rate and achieve positive free cash flow in fourth quarter Databricks, the Data and AI company, today announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and

Databricks is raising $10B Series J investment at $62B valuation

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by

Databricks raises $10B as it barrels toward an IPO | TechCrunch

Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion). Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth. The round is one of the largest venture rounds in history, and

Databricks in midst of securing $10bn in funding

The venture round is one of the largest rounds in history. Data and AI software company Databricks is raising $10bn, with $8.6bn completed to date. As a result of the Series J funding, which is one of the largest funding rounds in history, Databricks is now valued at $62bn, up from $43bn. The

Databricks reportedly closing on $9.5B mega funding round - SiliconANGLE

Big data software specialist Databricks Inc. is reportedly closing on what Reuters describes as "one of the largest venture capital funding rounds in history". The company is said to be engaged in talks with investors over a twice oversubscribed funding round that could add more than $9.5 billion

Exclusive-Databricks nears record $9.5 billion VC raise, eyes extra $4.5 billion debt

(Reuters) - Software firm Databricks is nearing a deal that could become one of the largest venture capital funding rounds in history, as investors have shown a strong appetite to own a piece of the fast-growing data analytics firm, three sources said on Friday. The round, almost twice

Exclusive: Databricks nears record $9.5 billion VC raise, eyes extra $4.5 billion debt

Dec 13 (Reuters) - Software firm Databricks is nearing a deal that could become one of the largest venture capital funding rounds in history, as investors have shown a strong appetite to own a piece of the fast-growing data analytics firm, three sources said on Friday. The round, almost twice

Data and AI Company Databricks to Raise $10 Billion in Funding Round | PYMNTS.com

Databricks has announced a Series J funding round in which it is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion so far. The funding values the data and artificial intelligence (AI) company at $62 billion, Databricks said in a Tuesday (Dec. 17) press

Databricks Closes The Biggest Venture Round with $10 Billion Funding | AI News

The company is now valued at $62 billion and wishes to focus on AI product development and international expansion. Databricks, a data and AI company, has raised $10 billion in a funding round led by Thrive Capital. Leading venture capital firms, including Andreessen Horowitz, DST Global, GIC, and

Insight VC describes Databricks' wild $10B deal and the bad advice the CEO ignored | TechCrunch

It's been a wild week for investors clawing their way into Databricks' record-breaking $10 billion fund raising, one of the VCs leading the deal told TechCrunch. "There were calls that went well late into the night, and that's okay, that's how good opportunities emerge," George Mathew, managing

Databricks Raises $10B In 2024's Largest Venture Funding Deal

Databricks raised $10 billion at a $62 billion valuation, marking the largest venture capital raise of 2024 and one of the largest on record -- even surpassing the $6.6 billion raised by generative AI giant OpenAI this fall. Databricks' new valuation marks a 44% increase from its 2023 valuation of

Databricks Raises $10B In Latest Funding Round, Reports $3B Revenue Run Rate

The company will use the new financing to fuel its rapid growth through accelerated product development, international expansion and potential acquisitions. Data and AI platform developer Databricks has raised an eye-popping $10 billion in a new round of funding that boosts the company's valuation

Databricks to Hit $62 Billion Valuation in Massive Funding Round

Databricks Inc. is raising $10 billion in new funding, a massive cash injection that will bring the software maker's valuation to $62 billion. The fast growing startup "intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market

Databricks raises $10bn in the biggest US venture deal this year

Databricks has raised $10bn in the biggest venture capital deal of the year, giving the US data analytics and artificial intelligence company a valuation of $62bn. The company raised the cash from some of the largest and most active technology investors in the US, including Thrive Capital,

Databricks secures $62 billion valuation in AI-focused funding round

(Reuters) - Databricks said on Tuesday it had secured a valuation of $62 billion after a $10 billion funding round led by Thrive Capital, highlighting the robust demand for artificial intelligence-focused startups. The data and analytics company will invest the funds in new AI products and

AI startup Databricks raises $10 bn as value soars

Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company's valuation to $62 billion. The blockbuster funding round is yet another signal of the unrelenting appetite from investors for potential AI

Databricks secures $62 bln valuation in AI-focused funding round

Dec 17 (Reuters) - Databricks said on Tuesday it had secured a valuation of $62 billion after a $10 billion funding round led by Thrive Capital, highlighting the robust demand for artificial intelligence-focused startups. The data and analytics company will invest the funds in new AI products and

Report: Databricks Close to Raising Record $9.5 Billion Amid AI Boom | PYMNTS.com

Databricks reportedly is close to raising $9.5 billion in a funding round, a feat that would create one of the largest-ever venture capital funding rounds. The final number could still go up before the round is finalized next week, Reuters reported Friday (Dec. 13), citing unnamed sources. The

Databricks, set to raise massive $10B funding round, looks to grow Seattle-area footprint

Databricks is the talk of the tech world this week as the San Francisco data and AI company is raising one of the largest venture capital deals ever. The company's $10 billion Series J funding round gives Databricks a gigantic valuation of $62 billion -- up from $43 billion last year -- in the

Databricks Is Raising $10 Billion, in One of the Largest Venture Capital Deals

In October, OpenAI, the start-up behind ChatGPT, raised one of the largest rounds of venture capital, bringing in $6.5 billion. On Tuesday, another artificial intelligence start-up, Databricks, announced an even bigger haul: It is set to collect $10 billion in a new funding round, which would

AI startup Databricks raises $10 bn as value soars

SAN FRANCISCO (AFP) - Young startup Databricks, which specialises in scaling and building artificial intelligence, said Tuesday it raised USD10 billion, bringing the company's valuation to USD62 billion. The blockbuster funding round is yet another signal of the unrelenting appetite from investors

Digging into the Databricks "bargain"

But it's what one told me yesterday as news broke of the big Databricks round. And I heard similar sentiments throughout the day, leading up to my Axios AI+ Summit interview with company co-founder and CEO Ali Ghodsi. But there are three issues with the "bargain." 1. Everyone could be wrong about