TLDR Tech / Fintech
Databricks completes $5 billion funding round at $134 billion valuation
Databricks raised $5B in new equity plus $2B in debt capacity at a $134B valuation, as annualized revenue topped $5.4B in the January quarter, up 65% year over year with positive free cash flow. AI-driven products now contribute $1.4B in annualized revenue, reflecting strong demand for data platforms that power custom agents. CEO Ali Ghodsi said Databricks is ready to go public “when the time is right,” but is comfortable staying private amid volatile public markets and a broader software selloff.
Read the full story