Databricks
December 13, 2024
Databricks Unicorn News - December 13, 2024
Databricks is nearing a venture capital funding round that could exceed $9.5 billion, potentially valuing the company at over $60 billion. This significant capital influx will be used for stock buybacks and tax costs, reflecting strong investor interest in AI-driven enterprises.
() Introduction
() Databricks Nears Record $9.5 Billion VC Raise
Databricks is reportedly nearing a venture capital funding round that could exceed $9.5 billion, potentially valuing the company at over $60 billion. This substantial capital influx underscores robust investor confidence in AI-driven enterprises and will primarily fund stock buybacks and tax costs. The funding comes as Databricks continues to expand its market presence, fueled by its innovative data and AI platform, which has become a critical tool for enterprises navigating the complexities of real-time analytics and generative AI.
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