Databricks
December 17, 2024
Databricks Unicorn News - December 17, 2024
Databricks has announced a substantial $10 billion financing round, elevating its valuation to $62 billion. This funding aims to provide liquidity, support strategic acquisitions, and facilitate global expansion, reflecting strong investor confidence and the company's robust growth trajectory.
() Introduction
() Databricks Announces $10 Billion Financing at $62 Billion Valuation
Databricks has secured a significant $10 billion financing round, boosting its valuation to $62 billion and underscoring strong investor confidence in the company's growth potential. The funding is set to provide liquidity for existing shareholders, support strategic acquisitions, and drive global expansion efforts as Databricks continues to strengthen its position in the data and AI space. This milestone highlights the company's robust trajectory and its pivotal role in shaping the future of data-driven innovation.
Sources
1 https://www.cnbc.com/2024/12/17/databricks-valued-at-62-billion-from-10-billion-financing.html
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