Databricks Poised to Shatter Funding Records with $9.5B Raise
Data and AI powerhouse Databricks is finalizing a monumental \(9.5 billion funding round at a staggering \)60 billion valuation, according to Reuters reports. This deal includes a secondary sale component for employees that may increase before closing.
Rapid Valuation Growth Signals Strong Investor Confidence
Just 17 days prior, Databricks was valued at \(55 billion in an \)8 billion round (Reuters). The accelerated growth highlights:
- Thrive Capital leading the round
- Participation from returning investors including:
- Andreessen Horowitz
- Insight Partners
- Singapore’s sovereign wealth fund GIC
Surpassing Previous Funding Records
This round would eclipse:
- OpenAI’s previous record $6.6 billion October 2024 raise
- Other historic VC deals in the tech sector
Additional Financial Considerations
The deal may include:
- Potential $4.5 billion debt component
- Share price considered attractive at $92.50
Competitive Landscape
Investors view Databricks favorably against compe***** Snowflake, which:
- Currently holds $56 billion market cap
- Represents one of tech’s most successful IPOs
This funding round positions Databricks as a dominant force in enterprise data solutions and AI infrastructure, with valuation growth outpacing many industry peers.
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