Databricks’ gigantic funding round

The tech company announces $10 billion financing at $62 billion valuation

Image credit: Microsoft Copilot and Canva

Databricks, valued at $62 billion (up from $43 billion in 2023), secured $10 billion in financing to provide liquidity for employees, fund acquisitions, and expand internationally.

Here are some key points:

• The software company, which offers data analytics and AI tools across major cloud platforms (Amazon, Google, Microsoft), expects positive free cash flow and a $3 billion revenue run rate by January 2025.

• The financing round includes investors like Thrive Capital, Andreessen Horowitz, and Wellington Management. Revenue grew 60% year-over-year in the October quarter.

• Although highly anticipated, Databricks has not confirmed IPO plans but hinted it could happen by mid-2025.

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