Databricks Secures $9.5 Billion Funding, Reaching $60 Billion Valuation

Databricks Nears $60 Billion Valuation with $9.5 Billion Funding Round

Databricks is on the verge of securing a massive $9.5 billion funding round, pushing its valuation to an impressive $60 billion. This deal, led by Thrive Capital, also includes a secondary sale for employees, potentially increasing the final amount. The round surpasses OpenAI's $6.6 billion raise in October, also led by Thrive Capital.

Existing investors like Andreessen Horowitz, Insight Partners, and Singapore's GIC are also participating. The deal may also incorporate $4.5 billion in debt financing.

Despite the substantial figures, the share price is considered a good value compared to competitor Snowflake, which currently holds a similar market cap. For context on large funding rounds, see G2 Venture Partners' $750M climate tech fund.

Key Highlights

• Databricks to raise $9.5 billion at a $60 billion valuation.
• Thrive Capital leads the round with participation from existing investors.
• Deal includes a secondary sale for employees and potential debt financing.
• Valuation compares favorably to competitor Snowflake.

This funding round positions Databricks for continued growth and innovation in the data and AI landscape. For more on AI advancements, see Apple Intelligence's impact on Apple ecosystems. To understand the broader market context, consider Apple's upcoming product roadmap.