Databricks, a privately held data analytics software company, completed a $5 billion funding round and secured $2 billion in debt capacity at a $134 billion valuation. The firm reported annualized revenue exceeding $5.4 billion, up 65% year-over-year, with AI products now generating $1.4 billion. CEO Ali Ghodsi indicated the company is prepared to go public but remains cautious due to market volatility.
Databricks raises $5B equity & $2B debt at $134B valuation as revenue hits $5.4B
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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