Databricks announced the completion of a Series J funding round, raising $15 billion, with participation from existing investor Qatar Investment Authority and new investors Temasek and Macquarie Capital. The company is now valued at $62 billion. Meta joined as a strategic investor. Databricks plans to use the funds for AI product development, M&A, and global expansion. Additionally, they secured a $5.25 billion credit facility led by major financial institutions.

Databricks has secured Meta as a new investor in a $10 billion funding round, one of the largest in venture capital, with contributions from the Qatar Investment Authority. This investment supports Meta's development of Llama, an open-source large language model used in Databricks' AI offerings. Databricks has raised a total of $14 billion in venture funding and is considering an IPO within the next year.

Software maker Databricks Inc. has clinched more than $5 billion of financing from lenders including Blackstone Inc., Apollo Global Management Inc. and Blue Owl Capital Inc. in its largest debt raise to date, according to people with knowledge of the matter.

Databricks has set a new record for the largest funding round in Silicon Valley history, surpassing OpenAI and Elon Musk's xAI. The AI and data analytics platform announced a Series J funding round led by Thrive Capital, with a target of $10 billion, of which $8.6 billion has been raised. This round values Databricks at $62 billion. The company's success is attributed to its Lakehouse product, which combines the benefits of data lakes and warehouses, and its strategic market positioning.

Strong valuation increase reflects adoption of lakehouse as the data and AI architecture of the future.

Investors in the AI and data analytics group include Thrive Capital, Andreessen Horowitz and Insight Partners

Databricks has raised $10 billion in the largest US venture deal of the year, according to the Financial Times.

Databricks announced it has raised a $10 billion Series J funding round, valuing the company at $62 billion. The funding, led by Thrive Capital, Andreessen Horowitz, and others, is non-dilutive, with $8.6 billion already secured. The funds will be used for AI product development, acquisitions, and global expansion. Databricks expects to achieve positive free cash flow this quarter. CEO Ali Ghodsi highlighted the company's commitment to advancing data intelligence platforms.

Databricks has raised $10 billion in a new funding round, increasing its valuation to $62 billion. The company reports a $3 billion revenue run rate and plans to use the funds for product development, international expansion, and acquisitions. Databricks has over 500 customers with $1 million+ annual run rates and its SQL data warehouse has a $600 million revenue run rate. The funding was co-led by Thrive Capital and includes investors like Andreessen Horowitz and Wellington Management.

Databricks, a startup with Romanian co-founders, has secured a $10 billion investment, raising its valuation to $62 billion from $43 billion. The company, based in San Francisco, is in the process of securing another investment of up to $8 billion, potentially valuing it at $55 billion. Last fall, Databricks raised over $500 million in a Series I round. The company's global revenues exceeded $1.6 billion for the fiscal year ending January 31, 2024, marking a 50% increase from the previous year.

Databricks has raised $10 billion in a Series J funding round, boosting its valuation to $62 billion. The investment will support talent retention and business growth. Databricks is expanding into Saudi Arabia, aligning with the Vision 2030 initiative, to enhance its presence in the Middle East's AI and data analytics sector. The company is also partnering with Lenovo to advance AI adoption, reinforcing its leadership in the AI and data industries.

Databricks has been a key innovator in data over the past decade. Here's a rundown of their history and impact on data engineering and ML.